Intech Investment Management LLC Sells 47,052 Shares of ATI Inc. $ATI

Intech Investment Management LLC lessened its stake in ATI Inc. (NYSE:ATI) by 90.3% in the fourth quarter, HoldingsChannel reports. The firm owned 5,038 shares of the basic materials company’s stock after selling 47,052 shares during the period. Intech Investment Management LLC’s holdings in ATI were worth $578,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital International Investors increased its holdings in 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 last quarter. Capital World Investors increased its holdings in 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 last quarter. State Street Corp increased its holdings in 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 purchasing an additional 415,479 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 valued at $174,210,000 after purchasing an additional 142,696 shares during the last quarter. Finally, Holocene Advisors LP increased its holdings in 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 last quarter.

ATI Stock Up 3.7%

Shares of ATI stock opened at $186.84 on Wednesday. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $189.70. The business has a 50-day moving average of $160.52 and a two-hundred day moving average of $139.49. The company has a market capitalization of $25.50 billion, a P/E ratio of 61.87, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company earned $0.72 earnings per share. 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. As a group, equities analysts predict that ATI Inc. will post 4.43 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. KeyCorp upped their price objective on ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Wells Fargo & Company began coverage on ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective for the company. Zacks Research downgraded ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, 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. 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’s stock. According to data from MarketBeat.com, ATI has a consensus rating of “Buy” and a consensus target price of $164.38.

Insider Activity

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the sale, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. This represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.98% of the stock is 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.