137,888 Shares in ATI Inc. $ATI Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new stake in ATI Inc. (NYSE:ATI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 137,888 shares of the basic materials company’s stock, valued at approximately $11,216,000. Jupiter Asset Management Ltd. owned approximately 0.10% of ATI as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ATI. Sequoia Financial Advisors LLC raised its holdings in shares of ATI by 2.4% during the third quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock worth $360,000 after acquiring an additional 102 shares during the period. Smartleaf Asset Management LLC increased its holdings in ATI by 12.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 118 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of ATI by 6.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 2,624 shares of the basic materials company’s stock valued at $213,000 after purchasing an additional 150 shares during the period. SG Americas Securities LLC raised its stake in shares of ATI by 0.7% in the 2nd quarter. SG Americas Securities LLC now owns 23,636 shares of the basic materials company’s stock valued at $2,041,000 after purchasing an additional 160 shares during the period. Finally, AlphaQuest LLC lifted its holdings in shares of ATI by 3.0% in the second quarter. AlphaQuest LLC now owns 5,772 shares of the basic materials company’s stock valued at $498,000 after purchasing an additional 170 shares in the last quarter.

ATI Trading Up 4.0%

NYSE ATI opened at $158.94 on Friday. The company has a market cap of $21.59 billion, a PE ratio of 55.96, a PEG ratio of 1.54 and a beta of 1.02. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $158.99. The stock has a 50 day moving average of $125.00 and a 200-day moving average of $99.70. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The company’s quarterly revenue 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, equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI declared that its board has approved a share 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 purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at ATI

In other news, VP Timothy J. Harris sold 10,542 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total value of $1,031,850.96. Following the completion of the sale, the vice president directly owned 98,310 shares of the company’s stock, valued at $9,622,582.80. This trade represents a 9.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Robert S. Wetherbee sold 53,862 shares of ATI stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total value of $5,896,811.76. Following the transaction, the chairman 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 SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. KeyCorp raised their price target on shares of ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Alembic Global Advisors began coverage on shares of ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 price target on shares of ATI in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to data from MarketBeat.com, ATI has an average rating of “Buy” and an average price target of $133.00.

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.