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

Royce & Associates LP lowered its stake in ATI Inc. (NYSE:ATI) by 15.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 137,462 shares of the basic materials company’s stock after selling 25,150 shares during the quarter. Royce & Associates LP’s holdings in ATI were worth $11,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Prestige Wealth Management Group LLC bought a new position in shares of ATI in the third quarter worth approximately $34,000. Meeder Asset Management Inc. boosted its position in ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after buying an additional 402 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in ATI by 56.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after buying an additional 260 shares during the period. NewEdge Advisors LLC bought a new stake in ATI in the 2nd quarter worth $75,000. Finally, Optiver Holding B.V. increased its position in shares of ATI by 274.0% in the third quarter. Optiver Holding B.V. now owns 864 shares of the basic materials company’s stock valued at $70,000 after acquiring an additional 633 shares during the period.

Insider Activity

In related news, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $109.48, for a total value of $5,896,811.76. Following the completion of the transaction, the chairman directly owned 132,676 shares in the company, valued at $14,525,368.48. This trade represents a 28.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

ATI Trading Up 2.1%

NYSE ATI opened at $166.95 on Tuesday. The firm has a market capitalization of $22.86 billion, a PE ratio of 58.78, a P/E/G ratio of 1.65 and a beta of 0.95. The stock’s 50 day moving average is $131.20 and its 200 day moving average is $103.78. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $168.14. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90.

ATI (NYSE:ATI) last posted its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Research analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. BTIG Research increased their price objective on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Susquehanna set a $155.00 price objective on ATI in a research report on Wednesday, February 4th. Alembic Global Advisors assumed coverage on ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, ATI has a consensus rating of “Buy” and an average price target of $133.00.

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.