7,180 Shares in ATI Inc. $ATI Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new stake in ATI Inc. (NYSE:ATI) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 7,180 shares of the basic materials company’s stock, valued at approximately $569,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of ATI by 2.4% in the second quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock worth $210,353,000 after purchasing an additional 57,883 shares during the last quarter. Norges Bank bought a new stake in ATI during the second quarter worth $146,726,000. Charles Schwab Investment Management Inc. raised its position in ATI by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock valued at $129,288,000 after buying an additional 4,917 shares during the last quarter. Bowen Hanes & Co. Inc. lifted its stake in ATI by 0.3% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 1,375,560 shares of the basic materials company’s stock valued at $118,766,000 after acquiring an additional 4,225 shares in the last quarter. Finally, Channing Capital Management LLC lifted its stake in ATI by 34.2% during the 3rd quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock valued at $90,219,000 after acquiring an additional 282,529 shares in the last quarter.

ATI Stock Performance

NYSE ATI opened at $163.43 on Monday. The company has a market capitalization of $22.38 billion, a PE ratio of 57.55, a price-to-earnings-growth ratio of 1.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $164.26. The company has a 50-day simple moving average of $130.18 and a 200 day simple moving average of $103.13.

ATI (NYSE:ATI) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company earned $0.79 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, research analysts predict that ATI Inc. will post 2.89 EPS for the current year.

ATI declared that its board has authorized a stock repurchase program on Thursday, February 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ATI shares. BTIG Research upped their target price on shares of ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Alembic Global Advisors initiated coverage on shares of ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Susquehanna set a $155.00 target price on ATI in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $133.00.

Insider Buying and Selling

In other ATI news, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the transaction, the chairman directly owned 132,676 shares of the company’s stock, valued at approximately $14,525,368.48. This represents a 28.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.