Erste Asset Management GmbH Purchases 18,600 Shares of ATI Inc. $ATI

Erste Asset Management GmbH raised its position in ATI Inc. (NYSE:ATI) by 259.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 25,780 shares of the basic materials company’s stock after purchasing an additional 18,600 shares during the period. Erste Asset Management GmbH’s holdings in ATI were worth $3,007,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ATI. Channing Capital Management LLC raised its position in ATI by 34.2% in the 3rd quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock valued at $90,219,000 after buying an additional 282,529 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in ATI by 53.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock worth $3,103,000 after acquiring an additional 8,939 shares during the last quarter. Nordea Investment Management AB acquired a new position in ATI during the 4th quarter worth approximately $6,114,000. First Financial Bankshares Inc bought a new position in shares of ATI during the 3rd quarter worth approximately $1,589,000. Finally, Intech Investment Management LLC raised its holdings in shares of ATI by 96.6% in the third quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock valued at $4,237,000 after purchasing an additional 25,590 shares during the last quarter.

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of research reports. BTIG Research boosted their price objective on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Zacks Research downgraded shares of ATI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Susquehanna lifted their price target on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. One investment 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’s stock. According to data from MarketBeat.com, ATI presently has a consensus rating of “Buy” and an average target price of $164.38.

ATI Trading Up 3.7%

NYSE ATI opened at $186.84 on Wednesday. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $189.70. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. The stock has a 50 day moving average of $160.52 and a 200-day moving average of $139.49. The company has a market cap of $25.50 billion, a PE ratio of 61.87, a PEG ratio of 1.55 and a beta of 0.96.

ATI (NYSE:ATI) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis. 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, equities research analysts anticipate that ATI Inc. will post 4.43 EPS for the current fiscal year.

ATI declared that its board has approved a share repurchase program on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.98% of the stock is currently owned by company insiders.

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.