Cetera Trust Company N.A Acquires New Position in ATI Inc. $ATI

Cetera Trust Company N.A acquired a new stake in ATI Inc. (NYSE:ATI) during the second quarter, HoldingsChannel reports. The fund acquired 6,548 shares of the basic materials company’s stock, valued at approximately $1,291,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of ATI during the 2nd quarter valued at $3,687,529,000. Norges Bank bought a new position in shares of ATI in the 4th quarter worth $198,787,000. SG Americas Securities LLC boosted its position in shares of ATI by 1,471.8% in the 1st quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock worth $156,423,000 after purchasing an additional 1,006,951 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of ATI by 684.9% during the fourth quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after purchasing an additional 889,912 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of ATI during the second quarter worth $168,996,000.

ATI Price Performance

Shares of ATI stock opened at $209.95 on Tuesday. ATI Inc. has a 12-month low of $73.00 and a 12-month high of $243.57. The firm has a market capitalization of $28.59 billion, a price-to-earnings ratio of 61.57, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The firm has a fifty day moving average of $200.48 and a 200-day moving average of $172.42.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, equities research analysts forecast that ATI Inc. will post 5.15 earnings per share for the current year.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the sale, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. This represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 177,044 shares of company stock valued at $33,976,616 over the last ninety days. 0.98% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ATI has been the subject of a number of recent analyst reports. BTIG Research upped their price objective on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 7th. TD Cowen raised their target price on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $262.00 target price on shares of ATI in a research report on Monday, August 10th. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $275.00 price target on shares of ATI in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, ATI has a consensus rating of “Buy” and an average price target of $232.00.

ATI Company 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.