11,932 Shares in ATI Inc. $ATI Purchased by Nilsine Partners LLC

Nilsine Partners LLC purchased a new position in ATI Inc. (NYSE:ATI) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 11,932 shares of the basic materials company’s stock, valued at approximately $1,369,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. True Wealth Design LLC increased its stake in shares of ATI by 642.9% during the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 225 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings 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 acquiring an additional 402 shares during the period. Prestige Wealth Management Group LLC acquired a new stake in shares of ATI in the third quarter worth approximately $34,000. Allworth Financial LP grew 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 period. Finally, ARK Investment Management LLC grew its holdings in ATI by 378.7% in the third quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 587 shares during the period.

ATI Stock Up 4.2%

ATI opened at $151.57 on Thursday. The firm has a 50 day moving average price of $143.92 and a 200 day moving average price of $114.91. The company has a market cap of $20.68 billion, a PE ratio of 53.37, a price-to-earnings-growth ratio of 1.44 and a beta of 1.00. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $168.14. 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 (NYSE:ATI) last announced its quarterly 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 posted $0.79 earnings per share. ATI’s 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. Sell-side analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

ATI announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 19th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at ATI

In other news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the transaction, the director owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. This trade represents a 14.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BTIG Research upped their price target on shares of ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Susquehanna set a $155.00 price objective on shares of ATI in a research note on Wednesday, February 4th. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. JPMorgan Chase & Co. increased their target price on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company began coverage on ATI in a research report on Wednesday. They issued an “overweight” rating and a $175.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $138.56.

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.