ATI (NYSE:ATI) CEO Kimberly Fields Sells 40,000 Shares

ATI Inc. (NYSE:ATI) CEO Kimberly Fields sold 40,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $159.21, for a total transaction of $6,368,400.00. Following the sale, the chief executive officer owned 277,763 shares of the company’s stock, valued at $44,222,647.23. This trade represents a 12.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ATI Trading Down 0.0%

Shares of ATI stock opened at $161.09 on Wednesday. The stock has a market capitalization of $21.98 billion, a P/E ratio of 53.34, a price-to-earnings-growth ratio of 1.39 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The company has a 50-day simple moving average of $153.45 and a 200 day simple moving average of $129.47. ATI Inc. has a 12-month low of $70.42 and a 12-month high of $171.11.

ATI (NYSE:ATI) last announced its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company 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 expect that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

ATI announced that its Board of Directors has initiated a share repurchase 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 buy up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $194.00 price objective on shares of ATI in a report on Friday, May 1st. Susquehanna increased their price objective on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, April 10th. BTIG Research increased their price objective on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research lowered shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $164.38.

Institutional Investors Weigh In On ATI

A number of hedge funds have recently added to or reduced their stakes in ATI. Royal Bank of Canada boosted its stake in shares of ATI by 8.1% in the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after purchasing an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after purchasing an additional 209,480 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of ATI in the 2nd quarter valued at about $324,000. M&T Bank Corp bought a new position in shares of ATI in the 2nd quarter valued at about $317,000. Finally, First Trust Advisors LP boosted its stake in shares of ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after purchasing an additional 9,234 shares during the last quarter.

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.