Capital Research Global Investors Increases Position in ATI Inc. $ATI

Capital Research Global Investors lifted its holdings in ATI Inc. (NYSE:ATI) by 12.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,611,724 shares of the basic materials company’s stock after acquiring an additional 386,754 shares during the quarter. Capital Research Global Investors’ holdings in ATI were worth $414,481,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Channing Capital Management LLC boosted its stake in shares of ATI by 34.2% in the 3rd quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock worth $90,219,000 after buying an additional 282,529 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of ATI by 53.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock worth $3,103,000 after purchasing an additional 8,939 shares during the period. Nordea Investment Management AB bought a new stake in shares of ATI in the 4th quarter worth approximately $6,114,000. First Financial Bankshares Inc bought a new stake in shares of ATI in the 3rd quarter worth approximately $1,589,000. Finally, Intech Investment Management LLC raised its holdings in shares of ATI by 96.6% in the 3rd quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock worth $4,237,000 after purchasing an additional 25,590 shares during the period.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ATI. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $194.00 price target on shares of ATI in a report on Friday, May 1st. Wells Fargo & Company began coverage on shares of ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target on the stock. Finally, Zacks Research cut shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $164.38.

ATI Trading Up 0.1%

Shares of ATI stock opened at $177.57 on Monday. The company’s fifty day simple moving average is $158.86 and its two-hundred day simple moving average is $138.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $183.30. The stock has a market capitalization of $24.23 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.53 and a beta of 0.96.

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

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

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.