Meiji Yasuda Asset Management Co Ltd. Purchases New Position in ATI Inc. $ATI

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of ATI Inc. (NYSE:ATI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,159 shares of the basic materials company’s stock, valued at approximately $623,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Signature Equity Partners LLC increased its stake in shares of ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after buying an additional 123 shares during the period. CoreCap Advisors LLC purchased a new stake in ATI in the second quarter worth $30,000. Torren Management LLC bought a new stake in ATI in the fourth quarter valued at $52,000. Summit Securities Group LLC bought a new stake in ATI in the first quarter valued at $60,000. Finally, Hollencrest Capital Management increased its position in ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 334 shares during the period.

Insider Activity

In related news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This trade represents a 21.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 177,044 shares of company stock valued at $33,976,616. 0.98% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATI. BTIG Research raised their target price on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Susquehanna increased their price target on shares of ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Finally, KeyCorp lifted their price objective on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $232.00.

ATI Price Performance

ATI opened at $215.30 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. The company has a market cap of $29.32 billion, a price-to-earnings ratio of 63.14, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The stock has a fifty day simple moving average of $200.87 and a two-hundred day simple moving average of $173.04. ATI Inc. has a 12-month low of $73.10 and a 12-month high of $243.57.

ATI (NYSE:ATI) last announced its earnings results on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous 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. Research analysts predict that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

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.