Oppenheimer Asset Management Inc. Purchases New Position in ATI Inc. $ATI

Oppenheimer Asset Management Inc. purchased a new stake in shares of ATI Inc. (NYSE:ATI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,806 shares of the basic materials company’s stock, valued at approximately $960,000.

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of ATI in the second quarter valued at $146,726,000. BNP Paribas Financial Markets lifted its position in ATI by 552.7% during the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock valued at $62,184,000 after purchasing an additional 609,874 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of ATI in the 2nd quarter worth $52,217,000. Saraza Management LP bought a new stake in shares of ATI in the 2nd quarter worth about $26,334,000. Finally, Bank of Nova Scotia purchased a new stake in shares of ATI during the 2nd quarter valued at about $20,569,000.

Insider Activity

In related news, VP Timothy J. Harris sold 10,542 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the sale, the vice president owned 98,310 shares of the company’s stock, valued at $9,622,582.80. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $93.26, for a total transaction of $242,289.48. Following the completion of the transaction, the senior vice president directly owned 21,274 shares in the company, valued at approximately $1,984,013.24. The trade was a 10.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 137,544 shares of company stock valued at $14,102,044. Corporate insiders own 1.10% of the company’s stock.

ATI Stock Up 2.7%

Shares of ATI opened at $143.65 on Friday. The firm has a market capitalization of $19.52 billion, a P/E ratio of 50.58, a P/E/G ratio of 1.45 and a beta of 1.02. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $144.50. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average price of $120.43 and a 200-day moving average price of $97.41.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Equities research analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Alembic Global Advisors started coverage on ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target for the company. Susquehanna set a $155.00 target price on ATI in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 price target on shares of ATI in a report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Finally, Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $133.00.

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.