ATI Inc. $ATI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of ATI Inc. (NYSE:ATI) by 20.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,015 shares of the basic materials company’s stock after selling 11,842 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ATI were worth $3,743,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Meeder Asset Management Inc. raised its holdings 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 worth $34,000 after purchasing an additional 402 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in 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 purchasing an additional 260 shares during the period. NewEdge Advisors LLC purchased a new position in shares of ATI during the 2nd quarter valued at about $75,000. MAI Capital Management lifted its holdings in shares of ATI by 38.6% in the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock valued at $75,000 after buying an additional 242 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of 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 buying an additional 118 shares during the period.

Insider Activity

In related news, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the transaction, the chairman owned 132,676 shares in the company, valued at $14,525,368.48. This represents a 28.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy J. Harris sold 10,542 shares of ATI stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total value of $1,031,850.96. Following the completion of the sale, the vice president owned 98,310 shares in the company, valued at approximately $9,622,582.80. The trade was a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

ATI Trading Up 4.0%

Shares of NYSE:ATI opened at $158.94 on Friday. The business’s 50 day moving average price is $125.00 and its 200-day moving average price is $99.70. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $158.99. The firm has a market capitalization of $21.59 billion, a price-to-earnings ratio of 55.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27.

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 the consensus estimate of $0.89 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS. 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 forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $150.00 target price on shares of ATI in a report on Wednesday, February 4th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. JPMorgan Chase & Co. raised 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. Finally, Alembic Global Advisors assumed coverage on shares of ATI in a research report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price 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.