Praxis Investment Management Inc. Decreases Stock Position in ATI Inc. $ATI

Praxis Investment Management Inc. lowered its position in shares of ATI Inc. (NYSE:ATI) by 40.1% during the first quarter, HoldingsChannel reports. The firm owned 4,865 shares of the basic materials company’s stock after selling 3,255 shares during the period. Praxis Investment Management Inc.’s holdings in ATI were worth $708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. True Wealth Design LLC increased 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. Torren Management LLC purchased a new position in ATI in the fourth quarter valued at about $52,000. Allworth Financial LP boosted its holdings in ATI by 50.8% in the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 180 shares during the last quarter. Clearstead Advisors LLC grew its stake in ATI by 137.3% during the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 346 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in ATI by 5,250.0% during the 4th quarter. IFP Advisors Inc now owns 642 shares of the basic materials company’s stock valued at $74,000 after purchasing an additional 630 shares in the last quarter.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 120,442 shares of company stock valued at $21,219,431 in the last three months. Insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ATI shares. Wells Fargo & Company assumed coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price on the stock. JPMorgan Chase & Co. raised their price target on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. KeyCorp lifted their price target on shares of ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. BTIG Research upped their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $168.88.

ATI Stock Performance

Shares of ATI opened at $188.03 on Monday. The business’s fifty day moving average price is $175.53 and its 200 day moving average price is $151.54. 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 Inc. has a 12-month low of $70.42 and a 12-month high of $205.31. The stock has a market capitalization of $25.66 billion, a PE ratio of 62.26, a price-to-earnings-growth ratio of 1.61 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 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $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. Equities research analysts forecast that ATI Inc. will post 4.45 EPS for the current year.

ATI 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.