Erste Asset Management GmbH Makes New Investment in ATI Inc. $ATI

Erste Asset Management GmbH purchased a new stake in ATI Inc. (NYSE:ATI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,180 shares of the basic materials company’s stock, valued at approximately $569,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. grew its position in ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 402 shares during the last quarter. Prestige Wealth Management Group LLC bought a new stake in shares of ATI in the 3rd quarter valued at $34,000. Nomura Asset Management Co. Ltd. increased its position in shares of ATI by 56.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock worth $62,000 after buying an additional 260 shares during the period. Optiver Holding B.V. increased its position in shares of ATI by 274.0% during the third quarter. Optiver Holding B.V. now owns 864 shares of the basic materials company’s stock worth $70,000 after buying an additional 633 shares during the period. Finally, MAI Capital Management raised its stake in ATI by 38.6% during the second quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock worth $75,000 after buying an additional 242 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ATI. KeyCorp upped their price target on shares of ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 target price on shares of ATI in a research report on Wednesday, February 4th. Alembic Global Advisors started coverage on ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price for the company. JPMorgan Chase & Co. boosted their price target on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, BTIG Research increased their price target on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, ATI currently has an average rating of “Buy” and a consensus price target of $133.00.

Insider Transactions at ATI

In related news, Chairman Robert S. Wetherbee sold 53,862 shares of ATI stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total value of $5,896,811.76. Following the completion of the sale, the chairman owned 132,676 shares of the company’s stock, valued at approximately $14,525,368.48. This trade represents a 28.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

ATI Stock Performance

Shares of ATI stock opened at $163.43 on Monday. The business has a 50-day simple moving average of $130.18 and a 200 day simple moving average of $103.13. ATI Inc. has a one year low of $39.23 and a one year high of $164.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The firm has a market capitalization of $22.38 billion, a price-to-earnings ratio of 57.55, a PEG ratio of 1.65 and a beta of 0.95.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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

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.