Kinetic Partners Management LP Sells 103,100 Shares of ATI Inc. $ATI

Kinetic Partners Management LP lowered its position in ATI Inc. (NYSE:ATI) by 43.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,800 shares of the basic materials company’s stock after selling 103,100 shares during the period. Kinetic Partners Management LP owned 0.10% of ATI worth $10,802,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its holdings in ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after purchasing an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. raised its position in ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after purchasing an additional 209,480 shares during the last quarter. Savant Capital LLC acquired a new position in ATI in the second quarter worth $315,000. ProShare Advisors LLC boosted its stake in ATI by 2.9% in the second quarter. ProShare Advisors LLC now owns 6,254 shares of the basic materials company’s stock worth $540,000 after purchasing an additional 176 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 worth $210,353,000 after purchasing an additional 57,883 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ATI shares. BTIG Research raised their target price on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Susquehanna set a $155.00 target price on shares of ATI in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $133.00.

Insider Buying and Selling at ATI

In related news, Chairman Robert S. Wetherbee sold 53,862 shares of ATI stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the sale, the chairman directly owned 132,676 shares of the company’s stock, valued at $14,525,368.48. The trade was 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 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 value of $1,019,438.25. Following the completion of the sale, the director owned 38,168 shares of the company’s stock, valued at $5,887,414. This represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

ATI Stock Up 4.0%

Shares of NYSE:ATI opened at $147.63 on Tuesday. ATI Inc. has a one year low of $39.23 and a one year high of $168.14. The company has a 50 day moving average of $138.47 and a 200-day moving average of $109.36. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The stock has a market cap of $20.22 billion, a price-to-earnings ratio of 51.98, a P/E/G ratio of 1.41 and a beta of 0.95.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.18 billion. During the same period in the prior year, the business posted $0.79 earnings per share. ATI’s revenue 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, sell-side analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

ATI declared that its board has initiated a stock buyback program on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management 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.