Rhumbline Advisers Sells 7,794 Shares of ATI Inc. $ATI

Rhumbline Advisers trimmed its position in shares of ATI Inc. (NYSE:ATI) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 362,218 shares of the basic materials company’s stock after selling 7,794 shares during the period. Rhumbline Advisers owned about 0.27% of ATI worth $29,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its position in shares of ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after buying an additional 402 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of ATI by 56.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 260 shares during the last quarter. MAI Capital Management boosted its holdings in ATI by 38.6% during the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 242 shares during the period. NewEdge Advisors LLC bought a new position in ATI in the 2nd quarter valued at $75,000. Finally, Smartleaf Asset Management LLC grew its position in ATI by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 118 shares during the last quarter.

ATI Price Performance

Shares of ATI opened at $143.65 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66. The company has a 50 day moving average price of $120.43 and a 200-day moving average price of $97.43. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $144.50. The stock has a market capitalization of $19.52 billion, a PE ratio of 50.58, a PEG ratio of 1.45 and a beta of 1.02.

ATI (NYSE:ATI) last issued its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. ATI’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at ATI

In other news, Chairman Robert S. Wetherbee sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $98.34, for a total value of $5,900,400.00. Following the sale, the chairman directly owned 246,538 shares in the company, valued at approximately $24,244,546.92. This trade represents a 19.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of ATI stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $97.77, for a total transaction of $1,030,691.34. Following the completion of the transaction, the vice president directly owned 108,852 shares in the company, valued at approximately $10,642,460.04. The trade was a 8.83% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 137,544 shares of company stock valued at $14,102,044. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ATI has been the subject of several research analyst reports. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Susquehanna set a $155.00 price objective on shares of ATI in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $150.00 price target on shares of ATI in a research note on Wednesday, February 4th. Finally, Wall Street Zen cut ATI from a “buy” rating to a “hold” rating in a research note on Sunday. One investment 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, the company has an average rating of “Buy” and a consensus price target of $133.00.

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.