Capital World Investors Sells 544,779 Shares of ATI Inc. $ATI

Capital World Investors decreased its stake in shares of ATI Inc. (NYSE:ATI) by 6.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,355,793 shares of the basic materials company’s stock after selling 544,779 shares during the period. Capital World Investors owned approximately 0.05% of ATI worth $844,151,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC raised its stake in shares of ATI by 642.9% in the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the last quarter. Prestige Wealth Management Group LLC bought a new stake in shares of ATI during the third quarter valued at approximately $34,000. Torren Management LLC acquired a new stake in shares of ATI in the fourth quarter valued at approximately $52,000. Allworth Financial LP increased its holdings in shares of ATI by 50.8% in the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 180 shares in the last quarter. Finally, Clearstead Advisors LLC raised its position in ATI by 137.3% in the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 346 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ATI shares. KeyCorp upped their price objective on ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 target price on shares of ATI in a research note on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. Finally, Susquehanna lifted their price objective on ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $164.38.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the sale, the chief executive officer owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.98% of the company’s stock.

ATI Trading Up 0.1%

NYSE:ATI opened at $177.57 on Monday. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. ATI Inc. has a 1-year low of $70.42 and a 1-year high of $183.30. The firm 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. The business’s 50-day moving average price is $158.86 and its two-hundred day moving average price is $138.29.

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

ATI announced that its board has approved a share buyback plan on Thursday, February 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are 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.