Janney Montgomery Scott LLC Sells 5,577 Shares of ATI Inc. $ATI

Janney Montgomery Scott LLC reduced its holdings in shares of ATI Inc. (NYSE:ATI) by 14.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,437 shares of the basic materials company’s stock after selling 5,577 shares during the period. Janney Montgomery Scott LLC’s holdings in ATI were worth $4,864,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of ATI in the 4th quarter valued at about $198,787,000. Capital World Investors grew its stake in ATI by 15.8% during the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after purchasing an additional 1,080,201 shares during the period. SG Americas Securities LLC grew its stake in ATI by 1,471.8% during the first quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock worth $156,423,000 after purchasing an additional 1,006,951 shares during the period. Holocene Advisors LP grew its stake in ATI by 153.7% during the third quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock worth $124,785,000 after purchasing an additional 929,333 shares during the period. Finally, AQR Capital Management LLC increased its holdings in ATI by 684.9% in the fourth quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock worth $117,037,000 after purchasing an additional 889,912 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on ATI. Wells Fargo & Company assumed coverage on ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target on the stock. Susquehanna raised their price objective on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, April 10th. KeyCorp lifted their price objective on shares of ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. increased their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, ATI has an average rating of “Buy” and a consensus price target of $168.88.

ATI Stock Performance

Shares of ATI stock opened at $188.03 on Monday. The business has a 50-day simple moving average of $175.53 and a 200 day simple moving average of $151.54. ATI Inc. has a one year low of $70.42 and a one year high of $205.31. 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 firm has a market capitalization of $25.66 billion, a price-to-earnings ratio of 62.26, a PEG ratio of 1.61 and a beta of 0.96.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. The company’s quarterly revenue 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, research analysts anticipate that ATI Inc. will post 4.45 earnings per share for the current fiscal year.

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 that occurred 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 transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 120,442 shares of company stock worth $21,219,431 over the last quarter. 0.98% of the stock is owned by corporate insiders.

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.