Castleark Management LLC Purchases Shares of 4,830 ATI Inc. $ATI

Castleark Management LLC purchased a new position in shares of ATI Inc. (NYSE:ATI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,830 shares of the basic materials company’s stock, valued at approximately $952,000.

A number of other institutional investors also recently made changes to their positions in ATI. BlackRock Inc. purchased a new position in ATI in the 2nd quarter worth $3,687,529,000. State Street Corp boosted its position in ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after buying an additional 415,479 shares during the period. Capital Research Global Investors grew its stake in shares of ATI by 12.0% during the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock valued at $414,481,000 after buying an additional 386,754 shares during the last quarter. Invesco Ltd. increased its stake in ATI by 7.4% in the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock worth $388,454,000 after purchasing an additional 233,010 shares during the period. Finally, Norges Bank bought a new stake in ATI during the 4th quarter valued at $198,787,000.

ATI Stock Down 1.0%

ATI stock opened at $213.02 on Thursday. The business’s 50-day moving average price is $201.19 and its 200-day moving average price is $173.63. The stock has a market cap of $29.01 billion, a P/E ratio of 62.47, a PEG ratio of 1.30 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. ATI Inc. has a twelve month low of $74.45 and a twelve month high of $243.57.

ATI (NYSE:ATI) last released its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $0.74 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. 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 EPS for the current year.

Insider Activity at ATI

In related news, CEO Kimberly A. Fields sold 24,845 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $231.19, for a total value of $5,743,915.55. Following the completion of the transaction, the chief executive officer owned 100,719 shares of the company’s stock, valued at approximately $23,285,225.61. This represents a 19.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 177,044 shares of company stock worth $33,976,616. 0.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ATI has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. raised 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $262.00 price objective on shares of ATI in a research note on Monday, August 10th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $275.00 price objective on shares of ATI in a research report on Monday, August 10th. Finally, TD Cowen boosted their target price on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $232.00.

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.