Legal & General Group Plc Cuts Stock Holdings in ATI Inc. $ATI

Legal & General Group Plc lessened its position in ATI Inc. (NYSE:ATI) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,789 shares of the basic materials company’s stock after selling 15,138 shares during the quarter. Legal & General Group Plc’s holdings in ATI were worth $25,797,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ATI. Capital International Investors raised its stake in ATI by 2.6% in the 3rd quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after purchasing an additional 436,131 shares during the last quarter. Capital World Investors grew its holdings 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. State Street Corp raised its position in shares of ATI by 7.4% in the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after buying an additional 415,479 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of ATI by 7.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,142,000 shares of the basic materials company’s stock worth $174,210,000 after buying an additional 142,696 shares in the last quarter. Finally, Holocene Advisors LP lifted its stake in shares of ATI by 153.7% in the third quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock worth $124,785,000 after buying an additional 929,333 shares in the last quarter.

ATI Stock Up 0.2%

Shares of NYSE:ATI opened at $175.47 on Monday. The firm’s 50 day moving average price is $155.63 and its 200 day moving average price is $135.45. The stock has a market cap of $23.95 billion, a price-to-earnings ratio of 58.10, a price-to-earnings-growth ratio of 1.51 and a beta of 0.96. ATI Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $177.27. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, equities research analysts predict that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ATI shares. Wells Fargo & Company started coverage on ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Friday, May 22nd. Zacks Research downgraded shares of ATI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ATI presently has a consensus rating of “Buy” and a consensus price target of $164.38.

Insider Buying and Selling at ATI

In other ATI news, CEO Kimberly A. Fields sold 40,000 shares of ATI stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $159.21, for a total value of $6,368,400.00. Following the sale, the chief executive officer owned 277,763 shares of the company’s stock, valued at approximately $44,222,647.23. The trade was a 12.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the sale, the director directly owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. This trade represents 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 currently owned by company insiders.

ATI 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.