Jupiter Asset Management Ltd. Takes Position in ATI Inc. $ATI

Jupiter Asset Management Ltd. bought a new position in shares of ATI Inc. (NYSE:ATI) in the third quarter, HoldingsChannel reports. The institutional investor bought 137,888 shares of the basic materials company’s stock, valued at approximately $11,216,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. bought a new position in shares of ATI during the third quarter worth approximately $3,664,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of ATI by 27.4% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 39,682 shares of the basic materials company’s stock valued at $3,228,000 after buying an additional 8,532 shares during the period. Segall Bryant & Hamill LLC grew its position in ATI by 108.9% during the second quarter. Segall Bryant & Hamill LLC now owns 373,083 shares of the basic materials company’s stock worth $32,212,000 after buying an additional 194,518 shares in the last quarter. Schroder Investment Management Group increased its stake in ATI by 21.3% during the 2nd quarter. Schroder Investment Management Group now owns 532,837 shares of the basic materials company’s stock worth $46,005,000 after acquiring an additional 93,620 shares during the period. Finally, Federated Hermes Inc. increased its stake in ATI by 9.7% during the 3rd quarter. Federated Hermes Inc. now owns 491,849 shares of the basic materials company’s stock worth $40,007,000 after acquiring an additional 43,364 shares during the period.

Analysts Set New Price Targets

ATI has been the subject of a number of recent analyst reports. KeyCorp upped their target price on ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $150.00 price target on shares of ATI in a research note on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. Finally, Alembic Global Advisors started coverage on shares of ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $133.00.

ATI Stock Performance

NYSE:ATI opened at $158.94 on Friday. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $158.99. 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 stock’s 50-day simple moving average is $125.00 and its 200 day simple moving average is $99.70. The firm has a market capitalization of $21.59 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.02.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping 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 in the prior year, the business earned $0.79 earnings per share. The business’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, analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI announced that its Board of Directors has approved a share 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 repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy J. Harris sold 10,542 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total value of $1,031,850.96. Following the completion of the transaction, the vice president owned 98,310 shares of the company’s stock, valued at $9,622,582.80. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

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.