Norges Bank Acquires New Position in ATI Inc. $ATI

Norges Bank acquired a new stake in ATI Inc. (NYSE:ATI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,732,195 shares of the basic materials company’s stock, valued at approximately $198,787,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATI. Capital World Investors lifted its stake in shares of ATI by 15.8% in the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock valued at $642,633,000 after purchasing an additional 1,080,201 shares during the period. 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 valued at $124,785,000 after purchasing an additional 929,333 shares during the period. UBS Group AG lifted its stake in shares of ATI by 143.3% in the fourth quarter. UBS Group AG now owns 1,193,129 shares of the basic materials company’s stock valued at $136,923,000 after purchasing an additional 702,656 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of ATI by 552.7% in the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock valued at $62,184,000 after purchasing an additional 609,874 shares during the period. Finally, Capital International Investors lifted its stake in shares of ATI by 2.6% in the third 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 period.

ATI Stock Performance

Shares of NYSE ATI opened at $177.98 on Wednesday. The company has a market cap of $24.29 billion, a PE ratio of 58.93, a price-to-earnings-growth ratio of 1.54 and a beta of 0.96. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $183.30. 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 company has a 50-day simple moving average of $156.25 and a 200-day simple moving average of $136.02.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $1.15 billion during 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 quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. 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, equities analysts anticipate that ATI Inc. will post 4.43 earnings per share for the current year.

ATI announced that its board has initiated a stock buyback program on Thursday, February 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Transactions at ATI

In other news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction dated 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 completion of the sale, the director directly owned 38,168 shares in the company, valued at $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kimberly A. Fields sold 40,000 shares of ATI stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $159.21, for a total transaction 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. This trade represents a 12.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.98% of the company’s stock.

Analyst Ratings Changes

ATI has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $194.00 price objective on shares of ATI in a research note on Friday, May 1st. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Wells Fargo & Company initiated coverage on shares of ATI in a report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Friday, May 22nd. Finally, KeyCorp raised their target price on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $164.38.

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.