Rafferty Asset Management LLC Has $2.91 Million Position in ATI Inc. $ATI

Rafferty Asset Management LLC lessened its position in ATI Inc. (NYSE:ATI) by 8.2% during the third quarter, Holdings Channel reports. The institutional investor owned 35,814 shares of the basic materials company’s stock after selling 3,208 shares during the quarter. Rafferty Asset Management LLC’s holdings in ATI were worth $2,913,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ATI. Royal Bank of Canada grew its stake in shares of ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after purchasing an additional 209,480 shares during the last quarter. Bessemer Group Inc. grew its position in ATI by 173.9% in the second quarter. Bessemer Group Inc. now owns 1,813 shares of the basic materials company’s stock valued at $157,000 after purchasing an additional 1,151 shares in the last quarter. World Investment Advisors bought a new position in ATI in the second quarter valued at $271,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in ATI in the 2nd quarter valued at $127,000.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $109.48, for a total value of $5,896,811.76. Following the transaction, the chairman directly owned 132,676 shares of the company’s stock, valued at $14,525,368.48. This represents a 28.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ATI has been the subject of a number of recent research reports. Susquehanna set a $155.00 price objective on shares of ATI in a research note on Wednesday, February 4th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Alembic Global Advisors began coverage on ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target for the company. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, BTIG Research increased their price objective on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat, ATI currently has a consensus rating of “Buy” and an average target price of $133.00.

ATI Price Performance

NYSE:ATI opened at $161.73 on Thursday. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average price is $132.91 and its two-hundred day moving average price is $104.78. The firm has a market capitalization of $22.15 billion, a price-to-earnings ratio of 56.95, a P/E/G ratio of 1.56 and a beta of 0.95. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $168.14.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

ATI announced that its Board of Directors has initiated a stock buyback program on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.