Capital World Investors Buys 1,080,201 Shares of ATI Inc. $ATI

Capital World Investors increased its holdings in shares of ATI Inc. (NYSE:ATI) by 15.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,900,572 shares of the basic materials company’s stock after purchasing an additional 1,080,201 shares during the period. Capital World Investors owned approximately 0.06% of ATI worth $642,633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ATI. Prestige Wealth Management Group LLC purchased a new stake in shares of ATI in the third quarter worth approximately $34,000. Meeder Asset Management Inc. increased its holdings in shares of ATI by 2,010.0% in the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 402 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of ATI by 56.5% in the 2nd 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 ATI by 378.7% during the third quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 587 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of ATI during the 2nd quarter worth $75,000.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s stock in a transaction dated 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. KeyCorp upped their target price on ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. BTIG Research lifted their price objective on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Susquehanna set a $155.00 target price on shares of ATI in a research report on Wednesday, February 4th. Finally, Alembic Global Advisors assumed coverage on ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price objective for the company. 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, ATI currently has an average rating of “Buy” and an average target price of $133.00.

ATI Price Performance

Shares of NYSE:ATI opened at $159.06 on Wednesday. The company has a market capitalization of $21.78 billion, a P/E ratio of 56.01, a P/E/G ratio of 1.55 and a beta of 0.95. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $168.14. The firm’s 50 day simple moving average is $135.98 and its two-hundred day simple moving average is $107.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27.

ATI (NYSE:ATI) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share 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 company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned $0.79 EPS. ATI’s revenue for the quarter 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. Research analysts expect 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 allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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.