BNP Paribas Financial Markets Trims Stake in ATI Inc. $ATI

BNP Paribas Financial Markets reduced its position in ATI Inc. (NYSE:ATI) by 21.5% in the 4th quarter, Holdings Channel reports. The firm owned 392,682 shares of the basic materials company’s stock after selling 107,319 shares during the period. BNP Paribas Financial Markets’ holdings in ATI were worth $45,064,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital International Investors increased its holdings in ATI by 2.6% during the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after acquiring an additional 436,131 shares in the last quarter. Capital World Investors lifted its stake in shares of ATI by 15.8% during the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after purchasing an additional 1,080,201 shares during the period. State Street Corp grew its stake in shares of ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after buying an additional 415,479 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of ATI by 7.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,142,000 shares of the basic materials company’s stock valued at $174,210,000 after buying an additional 142,696 shares during the period. Finally, Norges Bank purchased a new stake in shares of ATI during the 4th quarter valued at $198,787,000.

ATI Stock Down 0.6%

Shares of NYSE:ATI opened at $177.98 on Wednesday. The company has a fifty day simple moving average of $156.25 and a 200 day simple moving average of $136.02. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. ATI Inc. has a 12-month low of $70.42 and a 12-month high of $183.30. The firm has a market cap of $24.29 billion, a PE ratio of 58.93, a price-to-earnings-growth ratio of 1.54 and a beta of 0.96.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. On average, equities research analysts anticipate that ATI Inc. will post 4.43 EPS for the current fiscal year.

ATI announced that its board has authorized a share buyback program on Thursday, February 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Kimberly A. Fields sold 40,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $159.21, for a total transaction of $6,368,400.00. Following the completion of the transaction, the chief executive officer directly owned 277,763 shares in the company, valued at $44,222,647.23. This represents a 12.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Morehouse sold 6,609 shares of the stock in a transaction dated Monday, March 9th. The stock was 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. This trade represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. 0.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ATI shares. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. Wells Fargo & Company started coverage on shares of ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price on the stock. Zacks Research downgraded shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 target price on shares of ATI in a research note on Friday, May 1st. Finally, BTIG Research upped their target price on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ATI presently has a consensus rating of “Buy” and an average target price of $164.38.

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.