Pier Capital LLC Makes New $3.33 Million Investment in ATI Inc. $ATI

Pier Capital LLC acquired a new stake in shares of ATI Inc. (NYSE:ATI) during the fourth quarter, Holdings Channel reports. The firm acquired 29,052 shares of the basic materials company’s stock, valued at approximately $3,334,000.

A number of other large investors have also recently added to or reduced their stakes in ATI. True Wealth Design LLC boosted its holdings in ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after buying an additional 225 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 402 shares during the period. Prestige Wealth Management Group LLC acquired a new position in ATI in the 3rd quarter worth approximately $34,000. Allworth Financial LP boosted its stake in ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 180 shares during the period. Finally, Torren Management LLC acquired a new position in ATI in the 4th quarter worth approximately $52,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. BTIG Research boosted their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $194.00 price target on shares of ATI in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company started coverage on shares of ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $164.38.

Insiders Place Their Bets

In other ATI news, Director David J. Morehouse sold 6,609 shares of the company’s 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 transaction, the director owned 38,168 shares in the company, valued at approximately $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

ATI Trading Down 1.6%

Shares of ATI stock opened at $162.50 on Friday. The firm has a market capitalization of $22.18 billion, a PE ratio of 53.81, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. 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 firm’s 50 day moving average is $153.57 and its 200 day moving average is $127.83. ATI Inc. has a 1 year low of $69.73 and a 1 year high of $171.11.

ATI (NYSE:ATI) last posted 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 firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities research analysts forecast that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

ATI announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is 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.