Capital International Inc. CA Sells 44,271 Shares of ATI Inc. $ATI

Capital International Inc. CA cut its stake in shares of ATI Inc. (NYSE:ATI) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 414,054 shares of the basic materials company’s stock after selling 44,271 shares during the quarter. Capital International Inc. CA owned approximately 0.30% of ATI worth $33,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATI. Prestige Wealth Management Group LLC purchased a new position in shares of ATI during the 3rd quarter valued at $34,000. Meeder Asset Management Inc. increased its stake in ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after buying an additional 402 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of ATI by 56.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 260 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of ATI by 378.7% in the third quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 587 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of ATI during the second quarter worth about $75,000.

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of research analyst reports. Wall Street Zen cut ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Susquehanna set a $155.00 target price on shares of ATI in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. BTIG Research raised their target price on shares of ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. 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 investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, ATI presently has an average rating of “Buy” and a consensus price target of $133.00.

ATI Price Performance

ATI stock opened at $156.71 on Tuesday. The firm has a market capitalization of $21.46 billion, a P/E ratio of 55.18, a price-to-earnings-growth ratio of 1.49 and a beta of 0.95. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $168.14. 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 company has a fifty day simple moving average of $135.12 and a two-hundred day simple moving average of $106.73.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $0.79 earnings per share. ATI’s revenue was up .4% on a year-over-year basis. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

ATI announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s 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 in the company, valued at approximately $14,525,368.48. This represents a 28.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.