ATI Inc. $ATI Shares Sold by Covea Finance

Covea Finance cut its stake in shares of ATI Inc. (NYSE:ATI) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,400 shares of the basic materials company’s stock after selling 5,900 shares during the quarter. Covea Finance’s holdings in ATI were worth $5,669,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Meeder Asset Management Inc. lifted its stake in shares of ATI by 2,010.0% in the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 402 shares during the period. Prestige Wealth Management Group LLC acquired a new position in ATI during the third quarter worth about $34,000. Allworth Financial LP grew its position in ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after buying an additional 180 shares during the period. ARK Investment Management LLC increased its holdings in ATI by 378.7% in the third quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after buying an additional 587 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in ATI by 56.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after buying an additional 260 shares in the last quarter.

Insider Transactions at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the sale, the director directly owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. The trade was a 14.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

ATI Price Performance

NYSE:ATI opened at $141.86 on Friday. ATI Inc. has a 12-month low of $39.23 and a 12-month high of $168.14. The firm has a market cap of $19.43 billion, a price-to-earnings ratio of 49.95, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95. The company’s 50-day moving average is $140.57 and its two-hundred day moving average is $110.85. 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 issued its quarterly earnings results 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 business 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%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period 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. Research analysts expect that ATI Inc. will post 2.89 EPS for the current year.

ATI announced that its board has initiated a stock repurchase program on Thursday, February 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ATI shares. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $150.00 price objective on shares of ATI in a research note on Wednesday, February 4th. Alembic Global Advisors assumed coverage on ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. 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, ATI has a consensus rating of “Buy” and an average price target of $133.00.

ATI Company 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.