Retirement Systems of Alabama Sells 3,590 Shares of ATI Inc. $ATI

Retirement Systems of Alabama lowered its stake in shares of ATI Inc. (NYSE:ATI) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,783 shares of the basic materials company’s stock after selling 3,590 shares during the period. Retirement Systems of Alabama’s holdings in ATI were worth $35,436,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new stake in ATI during the 3rd quarter worth about $3,664,000. Channing Capital Management LLC grew its holdings in ATI by 34.2% during the 3rd quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock valued at $90,219,000 after buying an additional 282,529 shares in the last quarter. Nordea Investment Management AB purchased a new position in ATI during the 4th quarter valued at about $6,114,000. Intech Investment Management LLC increased its position in shares of ATI by 96.6% during the third quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock valued at $4,237,000 after buying an additional 25,590 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of ATI by 27.4% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 39,682 shares of the basic materials company’s stock valued at $3,228,000 after buying an additional 8,532 shares during the period.

Insider Buying and Selling at ATI

In other news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the sale, the director owned 38,168 shares in the company, valued at approximately $5,887,414. This trade represents a 14.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

ATI Stock Up 6.8%

Shares of NYSE ATI opened at $144.66 on Wednesday. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The business has a 50-day moving average of $143.38 and a 200-day moving average of $114.65. The firm has a market capitalization of $19.74 billion, a price-to-earnings ratio of 50.94, a PEG ratio of 1.34 and a beta of 0.95. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $168.14.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm posted $0.79 earnings per share. ATI’s quarterly revenue 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. Sell-side analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

ATI declared that its board has approved a share buyback plan on Thursday, February 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently commented on ATI. Susquehanna set a $155.00 price objective on shares of ATI in a research report on Wednesday, February 4th. Alembic Global Advisors initiated coverage on shares of ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price on the stock. BTIG Research increased their target price on shares of ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $150.00 price target on shares of ATI in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat.com, ATI currently has a consensus rating of “Buy” and an average target price of $134.00.

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.