Concentric Capital Strategies LP Invests $18.59 Million in ATI Inc. $ATI

Concentric Capital Strategies LP purchased a new position in ATI Inc. (NYSE:ATI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 161,956 shares of the basic materials company’s stock, valued at approximately $18,586,000. ATI comprises about 0.9% of Concentric Capital Strategies LP’s holdings, making the stock its 16th biggest position.

A number of other large investors also recently modified their holdings of ATI. Royal Bank of Canada lifted its position in shares of ATI by 8.1% in the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after buying an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. lifted 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. Cetera Investment Advisers bought a new stake in ATI in the 2nd quarter valued at about $324,000. M&T Bank Corp bought a new stake in ATI in the 2nd quarter valued at about $317,000. Finally, First Trust Advisors LP lifted its position in ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after purchasing an additional 9,234 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ATI. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. lifted their price objective on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. KeyCorp lifted their price objective on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Susquehanna lifted their price objective on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, April 10th. Finally, BTIG Research lifted their price objective on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $164.38.

ATI Stock Up 0.3%

ATI stock opened at $196.86 on Thursday. The stock has a market cap of $26.86 billion, a price-to-earnings ratio of 65.18, a PEG ratio of 1.69 and a beta of 0.96. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $166.41 and its two-hundred day moving average price is $143.57. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $203.60.

ATI (NYSE:ATI) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. ATI’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. 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, analysts expect that ATI Inc. will post 4.43 EPS for the current fiscal year.

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

Insider Activity

In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.98% of the stock is owned by corporate insiders.

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.