Capital International Investors Has $1.39 Billion Position in ATI Inc. $ATI

Capital International Investors lifted its stake in shares of ATI Inc. (NYSE:ATI) by 2.6% in the third quarter, Holdings Channel.com reports. The fund owned 17,147,559 shares of the basic materials company’s stock after acquiring an additional 436,131 shares during the quarter. Capital International Investors owned approximately 0.13% of ATI worth $1,394,349,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in ATI by 2.4% in the second quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock valued at $210,353,000 after buying an additional 57,883 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of ATI by 7.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,142,000 shares of the basic materials company’s stock worth $174,210,000 after buying an additional 142,696 shares in the last quarter. Norges Bank bought a new stake in shares of ATI in the 2nd quarter valued at $146,726,000. Charles Schwab Investment Management Inc. lifted its position in shares of ATI by 0.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock valued at $129,288,000 after acquiring an additional 4,917 shares during the period. Finally, Bowen Hanes & Co. Inc. boosted its stake in ATI by 0.3% during the second quarter. Bowen Hanes & Co. Inc. now owns 1,375,560 shares of the basic materials company’s stock worth $118,766,000 after acquiring an additional 4,225 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ATI. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $150.00 price target on shares of ATI in a research note on Wednesday, February 4th. Susquehanna set a $155.00 price objective on shares of ATI in a research report on Wednesday, February 4th. Alembic Global Advisors assumed coverage on ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their price target on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $133.00.

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total value of $5,896,811.76. Following the transaction, the chairman owned 132,676 shares in the company, valued at $14,525,368.48. This trade represents a 28.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

ATI Stock Up 4.4%

ATI stock opened at $156.71 on Tuesday. The firm has a market capitalization of $21.46 billion, a price-to-earnings ratio of 55.18, a price-to-earnings-growth ratio of 1.49 and a beta of 0.95. The firm’s fifty day moving average price is $135.12 and its two-hundred day moving average price is $106.73. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $168.14. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. 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, equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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