Sanctuary Advisors LLC reduced its stake in ATI Inc. (NYSE:ATI – Free Report) by 14.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,616 shares of the basic materials company’s stock after selling 19,649 shares during the period. Sanctuary Advisors LLC’s holdings in ATI were worth $16,817,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. True Wealth Design LLC grew its stake in shares of ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after buying an additional 225 shares during the period. Summit Securities Group LLC bought a new stake in ATI in the 1st quarter valued at about $60,000. Torren Management LLC acquired a new position in ATI during the 4th quarter worth approximately $52,000. Allworth Financial LP raised its stake in ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after buying an additional 180 shares during the period. Finally, Clearstead Advisors LLC boosted its holdings in ATI by 137.3% in the fourth quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 346 shares in the last quarter.
Insider Transactions at ATI
In related news, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $182.91, for a total value of $7,316,400.00. Following the completion of the sale, the chief executive officer directly owned 157,321 shares of the company’s stock, valued at approximately $28,775,584.11. This represents a 20.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 160,442 shares of company stock worth $28,535,831 in the last ninety days. Corporate insiders own 0.98% of the company’s stock.
ATI Stock Performance
ATI (NYSE:ATI – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities analysts forecast that ATI Inc. will post 4.49 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on ATI shares. KeyCorp boosted their price objective on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. BTIG Research increased their target price on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Susquehanna lifted their price target on shares of ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research report on Thursday, July 9th. Wells Fargo & Company started coverage on shares of ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $194.00 price target on shares of ATI in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, ATI has a consensus rating of “Buy” and a consensus target price of $176.78.
Read Our Latest Research Report on ATI
ATI Profile
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
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