Vanguard Group Inc. Trims Stock Position in ATI Inc. $ATI

Vanguard Group Inc. lessened its stake in ATI Inc. (NYSE:ATI) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,054,247 shares of the basic materials company’s stock after selling 276,228 shares during the quarter. Vanguard Group Inc. owned 9.61% of ATI worth $1,061,832,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ATI. Meeder Asset Management Inc. raised its position in ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 402 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in ATI by 56.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 260 shares in the last quarter. MAI Capital Management grew its stake in shares of ATI by 38.6% during the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 242 shares during the period. NewEdge Advisors LLC purchased a new position in shares of ATI during the 2nd quarter valued at approximately $75,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of ATI by 12.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 118 shares in the last quarter.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of ATI stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available at this link. 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 directly owned 98,310 shares of the company’s stock, valued at approximately $9,622,582.80. This represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ATI. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 price objective on shares of ATI in a research report on Wednesday, February 4th. KeyCorp raised 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. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Susquehanna set a $155.00 price target on ATI in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $133.00.

ATI Stock Up 4.0%

Shares of NYSE ATI opened at $158.94 on Friday. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 55.96, a price-to-earnings-growth ratio of 1.60 and a beta of 1.02. The company’s 50-day simple moving average is $125.00 and its 200-day simple moving average is $99.88. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $158.99.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, topping 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 firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’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. Equities analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI declared that its board has authorized a share repurchase program on Thursday, February 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the basic materials company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is 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.