ING Groep NV Sells 98,213 Shares of ATI Inc. $ATI

ING Groep NV cut its position in ATI Inc. (NYSE:ATI) by 33.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,300 shares of the basic materials company’s stock after selling 98,213 shares during the quarter. ING Groep NV’s holdings in ATI were worth $22,413,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATI. True Wealth Design LLC boosted its stake in ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 225 shares during the period. Prestige Wealth Management Group LLC bought a new stake in ATI in the 3rd quarter valued at $34,000. Allworth Financial LP boosted its stake in ATI by 50.8% in the 3rd 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. Torren Management LLC bought a new stake in ATI in the 4th quarter valued at $52,000. Finally, ARK Investment Management LLC boosted its stake in ATI by 378.7% in the 3rd 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.

Analyst Ratings Changes

Several research firms recently issued reports on ATI. Zacks Research downgraded ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wells Fargo & Company began coverage on ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target for the company. JPMorgan Chase & Co. boosted their price target on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $194.00 price target on shares of ATI in a research note on Friday, May 1st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, ATI currently has a consensus rating of “Buy” and an average target price of $164.38.

ATI Stock Performance

NYSE:ATI opened at $177.57 on Monday. The stock has a fifty day moving average price of $158.86 and a 200-day moving average price of $138.29. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $183.30.

ATI (NYSE:ATI) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $1.15 billion during 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%.The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior 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. As a group, equities analysts anticipate that ATI Inc. will post 4.43 EPS for the current fiscal year.

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

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the sale, the chief executive officer directly owned 218,014 shares in the company, valued at approximately $39,039,766.98. This represents a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.98% of the company’s stock.

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.