Rafferty Asset Management LLC Sells 3,208 Shares of ATI Inc. $ATI

Rafferty Asset Management LLC reduced its position in shares of ATI Inc. (NYSE:ATI) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,814 shares of the basic materials company’s stock after selling 3,208 shares during the quarter. Rafferty Asset Management LLC’s holdings in ATI were worth $2,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ATI. Meeder Asset Management Inc. grew its position in shares of ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after buying an additional 402 shares during the period. Prestige Wealth Management Group LLC bought a new position in ATI in the third quarter valued at approximately $34,000. Nomura Asset Management Co. Ltd. boosted its stake in ATI by 56.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 260 shares during the last quarter. Optiver Holding B.V. grew its holdings in ATI by 274.0% during the 3rd quarter. Optiver Holding B.V. now owns 864 shares of the basic materials company’s stock worth $70,000 after acquiring an additional 633 shares during the period. Finally, MAI Capital Management raised its position in shares of ATI by 38.6% during the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 242 shares during the last quarter.

Insider Buying and Selling at ATI

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. KeyCorp raised their price target on ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. BTIG Research raised their target price on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Susquehanna set a $155.00 target price on ATI in a research report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price target on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Alembic Global Advisors assumed coverage on shares of ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. Based on data from MarketBeat.com, ATI currently has an average rating of “Buy” and an average target price of $133.00.

ATI Stock Up 3.0%

Shares of ATI stock opened at $161.73 on Thursday. The company has a market capitalization of $22.15 billion, a P/E ratio of 56.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The business has a 50-day moving average of $132.91 and a two-hundred day moving average of $104.78. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $168.14.

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

ATI declared that its board has initiated a share buyback 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 an indication that the company’s management believes its shares are undervalued.

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.