Schroder Investment Management Group Has $36.46 Million Stake in ATI Inc. $ATI

Schroder Investment Management Group reduced its position in shares of ATI Inc. (NYSE:ATI) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 459,948 shares of the basic materials company’s stock after selling 72,889 shares during the period. Schroder Investment Management Group owned about 0.34% of ATI worth $36,455,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in ATI in the 2nd quarter valued at approximately $146,726,000. BNP Paribas Financial Markets grew its stake in shares of ATI by 552.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after acquiring an additional 609,874 shares in the last quarter. Holocene Advisors LP bought a new position in shares of ATI during the 2nd quarter worth approximately $52,217,000. Fisher Asset Management LLC raised its holdings in shares of ATI by 52.5% in the third quarter. Fisher Asset Management LLC now owns 957,648 shares of the basic materials company’s stock valued at $77,895,000 after purchasing an additional 329,668 shares during the last quarter. Finally, Saraza Management LP acquired a new stake in shares of ATI in the second quarter valued at approximately $26,334,000.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the business’s stock in a transaction dated 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 transaction, the chairman directly owned 132,676 shares in the company, valued at $14,525,368.48. The trade was a 28.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the sale, the director directly owned 38,168 shares in the company, valued at approximately $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ATI has been the subject of several recent research reports. BTIG Research increased their target price on shares of ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Alembic Global Advisors started coverage on shares of ATI in a research note on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target on the stock. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. 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. Finally, Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $133.00.

ATI Trading Down 0.9%

NYSE ATI opened at $157.61 on Thursday. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $168.14. 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 stock has a 50 day moving average of $136.83 and a 200-day moving average of $107.68. The company has a market cap of $21.58 billion, a PE ratio of 55.50, a PEG ratio of 1.57 and a beta of 0.95.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share 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 business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company earned $0.79 earnings per share. The firm’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. On average, equities research analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI announced that its board has initiated a share buyback plan on Thursday, February 19th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually 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.