Royce & Associates LP Cuts Stake in ATI Inc. $ATI

Royce & Associates LP reduced its stake in shares of ATI Inc. (NYSE:ATI) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,532 shares of the basic materials company’s stock after selling 5,930 shares during the quarter. Royce & Associates LP’s holdings in ATI were worth $15,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Clearstead Advisors LLC grew its holdings in ATI by 137.3% during the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock valued at $69,000 after buying an additional 346 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in ATI by 5.6% during the 4th quarter. Hantz Financial Services Inc. now owns 20,041 shares of the basic materials company’s stock valued at $2,300,000 after buying an additional 1,054 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in ATI by 30.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,867 shares of the basic materials company’s stock valued at $444,000 after buying an additional 910 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in shares of ATI by 0.4% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 144,329 shares of the basic materials company’s stock valued at $16,563,000 after purchasing an additional 618 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of ATI by 7,543.8% in the fourth quarter. Global Retirement Partners LLC now owns 6,115 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 6,035 shares in the last quarter.

Insider Buying and Selling at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kimberly A. Fields sold 40,000 shares of ATI stock in a transaction on Monday, May 11th. The stock was sold at an average price of $159.21, for a total transaction of $6,368,400.00. Following the transaction, the chief executive officer directly owned 277,763 shares of the company’s stock, valued at $44,222,647.23. The trade was a 12.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.98% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ATI. Zacks Research lowered shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. raised their target price on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company began coverage on shares of ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. KeyCorp raised their target price on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Susquehanna raised their target price on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $164.38.

ATI Stock Up 4.1%

NYSE ATI opened at $168.98 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average of $154.23 and a two-hundred day moving average of $133.88. The firm has a market capitalization of $23.06 billion, a price-to-earnings ratio of 55.95, a PEG ratio of 1.40 and a beta of 0.94. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $171.11.

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

ATI announced that its board has authorized a stock 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 purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are 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.