The Manufacturers Life Insurance Company Invests $12.67 Million in ATI Inc. $ATI

The Manufacturers Life Insurance Company purchased a new position in ATI Inc. (NYSE:ATI) during the second quarter, Holdings Channel reports. The firm purchased 64,289 shares of the basic materials company’s stock, valued at approximately $12,671,000.

A number of other hedge funds also recently modified their holdings of ATI. BlackRock Inc. bought a new stake in ATI during the second quarter worth about $3,687,529,000. Norges Bank acquired a new stake in ATI during the fourth quarter worth about $198,787,000. SG Americas Securities LLC increased its holdings in ATI by 1,471.8% in the 1st quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock valued at $156,423,000 after buying an additional 1,006,951 shares during the period. AQR Capital Management LLC increased its holdings in ATI by 684.9% in the 4th quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock valued at $117,037,000 after buying an additional 889,912 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of ATI in the 2nd quarter valued at approximately $168,996,000.

Wall Street Analyst Weigh In

ATI has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $262.00 price target on shares of ATI in a report on Monday, August 10th. TD Cowen lifted their price objective 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. Wells Fargo & Company restated an “overweight” rating and set a $275.00 price objective on shares of ATI in a research report on Monday, August 10th. JPMorgan Chase & Co. upped their target price on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $232.00.

ATI Stock Down 2.0%

Shares of NYSE ATI opened at $210.29 on Friday. The company has a market cap of $28.64 billion, a price-to-earnings ratio of 61.67, a PEG ratio of 1.29 and a beta of 0.98. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. ATI Inc. has a 12 month low of $74.45 and a 12 month high of $243.57. The stock has a 50-day moving average price of $201.64 and a two-hundred day moving average price of $174.45.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 10.09% and a return on equity of 29.27%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company 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. As a group, analysts forecast that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kimberly A. Fields sold 59,749 shares of the 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 of the company’s stock, valued at $39,039,766.98. This represents a 21.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 177,044 shares of company stock valued at $33,976,616. 0.98% of the stock is owned by corporate insiders.

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.