ATI Inc. $ATI Shares Bought by Expect Equity LLC

Expect Equity LLC boosted its stake in shares of ATI Inc. (NYSE:ATI) by 85.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 28,410 shares of the basic materials company’s stock after acquiring an additional 13,060 shares during the period. ATI comprises about 3.2% of Expect Equity LLC’s holdings, making the stock its 5th biggest holding. Expect Equity LLC’s holdings in ATI were worth $3,260,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Channing Capital Management LLC raised its position in ATI by 34.2% during the third quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock worth $90,219,000 after acquiring an additional 282,529 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in ATI by 53.5% during the fourth 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 period. Nordea Investment Management AB acquired a new position in ATI during the fourth quarter worth $6,114,000. First Financial Bankshares Inc acquired a new position in ATI during the third quarter worth $1,589,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in ATI by 456.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock worth $14,875,000 after acquiring an additional 106,343 shares during the period.

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s 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 transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.98% of the company’s stock.

Wall Street Analyst Weigh In

ATI has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Friday, May 22nd. Susquehanna raised their price target on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, April 10th. Zacks Research downgraded shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. raised their price target on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, BTIG Research raised their price target on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $164.38.

ATI Stock Performance

NYSE:ATI opened at $196.86 on Thursday. The company’s 50-day moving average price is $166.41 and its 200-day moving average price is $143.57. 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 company has a market cap of $26.86 billion, a P/E ratio of 65.18, a P/E/G ratio of 1.69 and a beta of 0.96. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $203.60.

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

ATI announced that its board has initiated a stock buyback program on Thursday, February 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.