BI Asset Management Fondsmaeglerselskab A S Invests $2.84 Million in ATI Inc. $ATI

BI Asset Management Fondsmaeglerselskab A S acquired a new position in ATI Inc. (NYSE:ATI) in the third quarter, Holdings Channel.com reports. The firm acquired 34,944 shares of the basic materials company’s stock, valued at approximately $2,842,000.

Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in 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 valued at $210,353,000 after acquiring an additional 57,883 shares during the last quarter. Norges Bank bought a new stake in shares of ATI in the 2nd quarter worth approximately $146,726,000. Charles Schwab Investment Management Inc. boosted its stake in shares of ATI by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock valued at $129,288,000 after purchasing an additional 4,917 shares in the last quarter. Bowen Hanes & Co. Inc. grew its holdings in shares of ATI by 0.3% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 1,375,560 shares of the basic materials company’s stock valued at $118,766,000 after purchasing an additional 4,225 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in ATI by 11.7% in the 2nd quarter. Raymond James Financial Inc. now owns 943,789 shares of the basic materials company’s stock worth $81,487,000 after purchasing an additional 98,537 shares during the period.

ATI Price Performance

Shares of ATI stock opened at $133.75 on Friday. The business’s fifty day moving average is $116.49 and its 200 day moving average is $95.85. The company has a quick ratio of 1.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 1.23 and a beta of 1.02. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $137.00.

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, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The business’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. 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.

Wall Street Analysts Forecast Growth

ATI has been the subject of several analyst reports. Susquehanna set a $155.00 price target on shares of ATI in a research report on Wednesday. KeyCorp increased 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. JPMorgan Chase & Co. raised their price target on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. Finally, Alembic Global Advisors began coverage on ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, ATI currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 60,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the sale, the chairman directly owned 246,538 shares in the company, valued at approximately $24,244,546.92. This trade represents a 19.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tina Killough Busch sold 2,598 shares of ATI stock in a transaction on Friday, November 21st. The stock was sold at an average price of $93.26, for a total value of $242,289.48. Following the completion of the sale, the senior vice president directly owned 21,274 shares of the company’s stock, valued at approximately $1,984,013.24. The trade was a 10.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 148,087 shares of company stock worth $15,131,989. Corporate insiders own 1.10% of the company’s stock.

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.