Geode Capital Management LLC Sells 25,505 Shares of ATI Inc. $ATI

Geode Capital Management LLC cut its position in shares of ATI Inc. (NYSE:ATI) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,419,168 shares of the basic materials company’s stock after selling 25,505 shares during the period. Geode Capital Management LLC’s holdings in ATI were worth $277,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True Wealth Design LLC boosted its stake in ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after buying an additional 225 shares during the last quarter. Prestige Wealth Management Group LLC bought a new position in ATI during the third quarter valued at approximately $34,000. Allworth Financial LP boosted its stake in ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after buying an additional 180 shares during the last quarter. Torren Management LLC bought a new position in ATI during the fourth quarter valued at approximately $52,000. Finally, ARK Investment Management LLC boosted its stake in ATI by 378.7% during the third quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after buying an additional 587 shares during the last quarter.

ATI Price Performance

NYSE:ATI opened at $178.85 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The business has a 50 day simple moving average of $156.25 and a 200-day simple moving average of $136.02. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $181.02. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 59.22, a PEG ratio of 1.51 and a beta of 0.96.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities analysts forecast that ATI Inc. will post 4.43 EPS for the current year.

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

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $159.21, for a total value of $6,368,400.00. Following the sale, the chief executive officer directly owned 277,763 shares in the company, valued at approximately $44,222,647.23. This represents a 12.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David J. Morehouse sold 6,609 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the sale, the director owned 38,168 shares in the company, valued at approximately $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ATI shares. BTIG Research increased their price target on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research lowered ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. Susquehanna raised their price objective on ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, April 10th. Finally, KeyCorp raised their price objective on ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $164.38.

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.