ATI Inc. $ATI Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lowered its stake in shares of ATI Inc. (NYSE:ATI) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,367 shares of the basic materials company’s stock after selling 13,483 shares during the period. Capital Group Private Client Services Inc.’s holdings in ATI were worth $7,272,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors raised its stake in ATI by 2.6% in the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after purchasing an additional 436,131 shares during the last quarter. Capital World Investors raised its stake in ATI by 15.8% in the 3rd 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 last quarter. State Street Corp raised its stake in ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after purchasing an additional 415,479 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in ATI by 7.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,142,000 shares of the basic materials company’s stock valued at $174,210,000 after purchasing an additional 142,696 shares during the last quarter. Finally, Norges Bank acquired a new position in ATI in the 4th quarter valued at about $198,787,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ATI. KeyCorp boosted their target price on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. BTIG Research boosted their target price on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 price target on shares of ATI in a research note on Friday, May 1st. Finally, Zacks Research cut ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, ATI presently has an average rating of “Buy” and a consensus price target of $164.38.

ATI Stock Down 2.0%

ATI opened at $177.57 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The stock has a market capitalization of $24.23 billion, a price-to-earnings ratio of 58.80, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The business has a 50-day moving average of $158.86 and a two-hundred day moving average of $138.01. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $183.30.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The company’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, research analysts expect that ATI Inc. will post 4.43 earnings per share for the current year.

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

Insider Activity

In other news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the transaction, the director directly owned 38,168 shares of the company’s stock, valued at $5,887,414. The trade was a 14.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction dated Tuesday, June 2nd. The shares were 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. This represents a 21.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 106,358 shares of company stock worth $18,087,092 over the last ninety days. Corporate insiders own 0.98% 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.