ATI (NYSE:ATI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of ATI (NYSE:ATI) from a buy rating to a hold rating in a research note published on Saturday morning.

Several other research analysts have also commented on ATI. KeyCorp raised their price target on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Zacks Research lowered shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $194.00 price target on shares of ATI in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, BTIG Research raised their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $164.38.

ATI Trading Down 5.1%

NYSE ATI opened at $154.30 on Friday. ATI has a one year low of $70.42 and a one year high of $171.11. The company’s 50 day moving average price is $153.39 and its 200 day moving average price is $130.69. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 51.09, a PEG ratio of 1.33 and a beta of 0.94.

ATI (NYSE:ATI) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $0.72 earnings per share. ATI’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. On average, sell-side analysts predict that ATI will post 4.43 EPS for the current year.

ATI announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at ATI

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

Institutional Trading of ATI

A number of hedge funds have recently made changes to their positions in ATI. Norges Bank acquired a new stake in shares of ATI during the fourth quarter worth approximately $198,787,000. Capital World Investors grew its position in shares of 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 buying an additional 1,080,201 shares in the last quarter. SG Americas Securities LLC grew its position in shares of 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 buying an additional 1,006,951 shares in the last quarter. Holocene Advisors LP lifted 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 last quarter. Finally, AQR Capital Management LLC lifted its stake in ATI by 684.9% during 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 during the last quarter.

About ATI

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.