Hsbc Holdings PLC Has $10.50 Million Stock Position in ATI Inc. $ATI

Hsbc Holdings PLC lifted its stake in ATI Inc. (NYSE:ATI) by 233.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,781 shares of the basic materials company’s stock after purchasing an additional 63,518 shares during the period. Hsbc Holdings PLC’s holdings in ATI were worth $10,499,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada lifted its stake in ATI by 8.1% in the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after buying an additional 4,542 shares during the period. Goldman Sachs Group Inc. grew its position in shares of ATI by 49.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after buying an additional 209,480 shares during the period. Cetera Investment Advisers acquired a new position in shares of ATI during the 2nd quarter worth about $324,000. M&T Bank Corp bought a new stake in shares of ATI in the 2nd quarter valued at about $317,000. Finally, First Trust Advisors LP increased its stake in shares of ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after acquiring an additional 9,234 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently weighed in on ATI. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. upped their target price on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wells Fargo & Company began coverage on shares of ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. KeyCorp increased their target price on shares of ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Susquehanna lifted their price target on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.38.

Insiders Place Their Bets

In other news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 120,442 shares of company stock valued at $21,219,431 over the last 90 days. Insiders own 0.98% of the company’s stock.

ATI Stock Up 0.9%

Shares of ATI stock opened at $199.44 on Friday. The company has a market capitalization of $27.22 billion, a P/E ratio of 66.04, a price-to-earnings-growth ratio of 1.70 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The business has a 50-day moving average of $171.43 and a two-hundred day moving average of $147.83. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $205.31.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating 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 business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business posted $0.72 EPS. ATI’s revenue for the quarter was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, equities analysts predict that ATI Inc. will post 4.43 EPS for the current year.

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.