ATI Inc. $ATI Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its position in ATI Inc. (NYSE:ATI) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 383,100 shares of the basic materials company’s stock after selling 12,700 shares during the period. Gamco Investors INC. ET AL’s holdings in ATI were worth $43,965,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of ATI. Capital World Investors increased its holdings in shares of ATI by 15.8% in the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock valued at $642,633,000 after purchasing an additional 1,080,201 shares during the period. Holocene Advisors LP increased its holdings in shares of ATI by 153.7% in the third quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock valued at $124,785,000 after purchasing an additional 929,333 shares during the period. UBS Group AG increased its holdings in shares of ATI by 143.3% in the fourth quarter. UBS Group AG now owns 1,193,129 shares of the basic materials company’s stock valued at $136,923,000 after purchasing an additional 702,656 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of ATI by 552.7% in the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after buying an additional 609,874 shares during the last quarter. Finally, Capital International Investors grew its holdings in ATI by 2.6% during the third quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock worth $1,394,349,000 after acquiring an additional 436,131 shares during the period.

Analysts Set New Price Targets

Several research firms recently commented on ATI. KeyCorp raised their target price on ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Zacks Research lowered ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Susquehanna raised their target price on ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $194.00 target price on shares of ATI in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, ATI presently has a consensus rating of “Buy” and an average target price of $164.38.

Insider Buying and Selling

In other ATI news, Director David J. Morehouse sold 6,609 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the transaction, the director owned 38,168 shares in the company, valued at approximately $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $159.21, for a total value of $6,368,400.00. Following the transaction, the chief executive officer owned 277,763 shares in the company, valued at $44,222,647.23. This represents a 12.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.98% of the company’s stock.

ATI Stock Performance

Shares of ATI stock opened at $154.30 on Monday. The company has a market capitalization of $21.06 billion, a P/E ratio of 51.09, a P/E/G ratio of 1.33 and a beta of 0.94. The business’s 50 day moving average is $153.39 and its two-hundred day moving average is $130.96. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. ATI Inc. has a 12-month low of $70.42 and a 12-month high of $171.11.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.ATI’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Analysts expect that ATI Inc. will post 4.43 EPS for the current fiscal year.

ATI declared that its board has authorized a stock repurchase plan on Thursday, February 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.