Capital World Investors Has $642.63 Million Stake in ATI Inc. $ATI

Capital World Investors grew its stake in ATI Inc. (NYSE:ATI) by 15.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,900,572 shares of the basic materials company’s stock after buying an additional 1,080,201 shares during the period. Capital World Investors owned approximately 5.82% of ATI worth $642,633,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ATI. Capital International Investors lifted its holdings in ATI by 2.6% in the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock worth $1,394,349,000 after purchasing an additional 436,131 shares during the last quarter. Geode Capital Management LLC grew its holdings in ATI by 2.4% during the second quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after purchasing an additional 57,883 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in ATI by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,142,000 shares of the basic materials company’s stock valued at $174,210,000 after purchasing an additional 142,696 shares during the last quarter. Norges Bank acquired a new stake in shares of ATI in the second quarter worth $146,726,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ATI by 0.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock worth $129,288,000 after buying an additional 4,917 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 target price on shares of ATI in a research note on Wednesday, February 4th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Wall Street Zen cut ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. Finally, BTIG Research boosted their price objective on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $133.00.

Insider Activity at ATI

In related news, Chairman Robert S. Wetherbee sold 53,862 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $14,525,368.48. This trade 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 is accessible through this link. Company insiders own 1.10% of the company’s stock.

ATI Stock Up 1.5%

Shares of ATI stock opened at $159.06 on Wednesday. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $168.14. The firm has a market capitalization of $21.78 billion, a P/E ratio of 56.01, a PEG ratio of 1.55 and a beta of 0.95. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The firm’s fifty day moving average price is $135.98 and its two-hundred day moving average price is $107.33.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the company posted $0.79 earnings per share. The company’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, equities analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI announced that its board has authorized a stock buyback plan on Thursday, February 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication 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.