Natixis Advisors LLC Buys 75,342 Shares of ATI Inc. $ATI

Natixis Advisors LLC lifted its stake in ATI Inc. (NYSE:ATI) by 99.2% during the 4th quarter, Holdings Channel reports. The firm owned 151,265 shares of the basic materials company’s stock after acquiring an additional 75,342 shares during the period. Natixis Advisors LLC’s holdings in ATI were worth $17,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after acquiring an additional 209,480 shares in the last quarter. Cetera Investment Advisers bought a new position in ATI during the second quarter worth about $324,000. M&T Bank Corp bought a new position in ATI during the second quarter worth about $317,000. Finally, First Trust Advisors LP lifted its holdings in ATI by 4.9% during the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after acquiring an additional 9,234 shares in the last quarter.

Insider Activity

In other ATI news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the sale, the director owned 38,168 shares of the company’s stock, valued at $5,887,414. This trade represents a 14.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the sale, the chief executive officer owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 106,358 shares of company stock worth $18,087,092 in the last three months. Company insiders own 0.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on ATI shares. Susquehanna lifted their target price on ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, April 10th. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Wells Fargo & Company started coverage on ATI in a report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price on the stock. BTIG Research lifted their target price on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued 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 “Buy” and a consensus price target of $164.38.

ATI Stock Performance

ATI opened at $177.57 on Friday. The business’s 50-day moving average price is $158.86 and its two-hundred day moving average price is $138.01. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $183.30. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 58.80, a P/E/G ratio of 1.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17.

ATI (NYSE:ATI) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the business 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. Equities analysts expect that ATI Inc. will post 4.43 EPS for the current fiscal year.

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

About ATI

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.