59,556 Shares in ATI Inc. $ATI Acquired by Man Group plc

Man Group plc acquired a new stake in shares of ATI Inc. (NYSE:ATI) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 59,556 shares of the basic materials company’s stock, valued at approximately $11,738,000.

A number of other institutional investors have also recently added to or reduced their stakes in ATI. Bank of Nova Scotia increased its stake in shares of ATI by 92.9% during the 1st quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock worth $67,951,000 after purchasing an additional 224,949 shares during the last quarter. Precision Wealth Strategies LLC acquired a new stake in shares of ATI in the 1st quarter valued at $1,009,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of ATI by 456.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock valued at $14,875,000 after purchasing an additional 106,343 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in ATI in the first quarter worth $4,599,000. Finally, Illinois Municipal Retirement Fund bought a new stake in ATI in the first quarter worth $1,106,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $262.00 target price on shares of ATI in a report on Monday, August 10th. TD Cowen upped their price target on ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. KeyCorp increased their price objective on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. BTIG Research raised their price objective on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. boosted their target price on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $232.00.

ATI Stock Performance

Shares of ATI opened at $214.63 on Friday. The company has a market capitalization of $29.23 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 1.28 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. ATI Inc. has a one year low of $74.45 and a one year high of $243.57. The company’s fifty day moving average price is $201.46 and its 200 day moving average price is $174.20.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The company 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 period last year, the business posted $0.74 earnings per share. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, analysts expect 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 24,845 shares of ATI stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $231.19, for a total value of $5,743,915.55. Following the transaction, the chief executive officer directly owned 100,719 shares of the company’s stock, valued at $23,285,225.61. The trade was a 19.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 177,044 shares of company stock valued at $33,976,616. Company insiders own 0.98% of the company’s stock.

About ATI

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.