Insider Selling: ATI (NYSE:ATI) CEO Sells 40,000 Shares of Stock

ATI Inc. (NYSE:ATI) CEO Kimberly Fields sold 40,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $159.21, for a total value 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 legal filing with the SEC, which can be accessed through this hyperlink.

ATI Stock Down 0.0%

Shares of ATI stock traded down $0.07 during trading hours on Tuesday, reaching $161.09. 1,268,695 shares of the company’s stock were exchanged, compared to its average volume of 2,000,279. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $171.11. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. The stock has a market cap of $21.98 billion, a PE ratio of 53.34, a PEG ratio of 1.36 and a beta of 0.94. The stock’s fifty day moving average price is $153.50 and its two-hundred day moving average price is $128.91.

ATI (NYSE:ATI) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. ATI’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Research analysts predict that ATI Inc. will post 4.43 EPS for the current year.

ATI announced that its Board of Directors has approved a share buyback 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 reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ATI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $194.00 price objective on shares of ATI in a research note on Friday, May 1st. Alembic Global Advisors initiated coverage on shares of ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 price objective for the company. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Susquehanna upped their target price on ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, April 10th. Finally, KeyCorp raised their target price on ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, ATI has a consensus rating of “Buy” and an average target price of $164.38.

Institutional Investors Weigh In On ATI

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake in ATI by 1,714.0% during the first quarter. PNC Financial Services Group Inc. now owns 831,736 shares of the basic materials company’s stock worth $120,984,000 after buying an additional 785,885 shares during the last quarter. HORAN Wealth LLC acquired a new stake in shares of ATI in the 1st quarter worth $204,000. Wilkerson Advisory Group LLC purchased a new position in shares of ATI during the 1st quarter worth $214,000. Hollencrest Capital Management raised its holdings in shares of ATI by 283.1% during the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 334 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in shares of ATI by 2.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after acquiring an additional 74 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.