ATI Inc. $ATI Shares Sold by Mengis Capital Management Inc.

Mengis Capital Management Inc. decreased its position in shares of ATI Inc. (NYSE:ATI) by 10.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 73,267 shares of the basic materials company’s stock after selling 8,540 shares during the quarter. ATI comprises 1.5% of Mengis Capital Management Inc.’s holdings, making the stock its 18th biggest position. Mengis Capital Management Inc.’s holdings in ATI were worth $8,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its position in shares of ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new stake in ATI in the 3rd quarter valued at $34,000. Torren Management LLC acquired a new stake in ATI during the 4th quarter worth $52,000. Allworth Financial LP boosted its stake in ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 shares during the period. Finally, Clearstead Advisors LLC grew its position in ATI by 137.3% during the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 346 shares during the last quarter.

ATI Stock Performance

NYSE:ATI opened at $201.31 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The firm has a market cap of $27.47 billion, a price-to-earnings ratio of 66.66, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The firm’s fifty day moving average price is $168.39 and its 200 day moving average price is $144.68. ATI Inc. has a 1-year low of $70.42 and a 1-year high of $203.60.

ATI (NYSE:ATI) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 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 during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. ATI’s quarterly revenue 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, sell-side analysts expect that ATI Inc. will post 4.43 EPS for the current year.

Insider Activity

In related news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.98% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on ATI. Zacks Research lowered shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Susquehanna increased their target price on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, April 10th. Wells Fargo & Company began coverage on ATI in a report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $194.00 price objective on shares of ATI in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.