Susquehanna Fundamental Investments LLC Boosts Holdings in ATI Inc. $ATI

Susquehanna Fundamental Investments LLC raised its stake in shares of ATI Inc. (NYSE:ATI) by 15.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 95,495 shares of the basic materials company’s stock after buying an additional 12,709 shares during the period. Susquehanna Fundamental Investments LLC owned about 0.07% of ATI worth $18,822,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in ATI during the second quarter valued at approximately $3,687,529,000. State Street Corp lifted its stake in shares of ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after purchasing an additional 415,479 shares during the period. Capital Research Global Investors boosted its holdings in 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 worth $414,481,000 after buying an additional 386,754 shares in the last quarter. Invesco Ltd. increased its holdings in ATI by 7.4% in the fourth quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock valued at $388,454,000 after buying an additional 233,010 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of ATI in the second quarter worth about $348,285,000.

ATI Price Performance

NYSE:ATI opened at $210.29 on Monday. The stock has a 50 day moving average of $201.64 and a two-hundred day moving average of $174.72. ATI Inc. has a 12 month low of $74.45 and a 12 month high of $243.57. The firm has a market cap of $28.64 billion, a P/E ratio of 61.67, a price-to-earnings-growth ratio of 1.27 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 (NYSE:ATI) last released its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.20. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. 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, analysts expect that ATI Inc. will post 5.15 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other 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 transaction of $5,743,915.55. Following the completion of the sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at $23,285,225.61. This represents a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 177,044 shares of company stock worth $33,976,616. Insiders own 0.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ATI. Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. TD Cowen raised their price objective on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Susquehanna increased their target price on ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Finally, Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat.com, ATI has an average rating of “Buy” and an average price target of $232.00.

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.