Fisher Asset Management LLC Raises Stock Position in ATI Inc. $ATI

Fisher Asset Management LLC lifted its position in ATI Inc. (NYSE:ATI) by 52.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 957,648 shares of the basic materials company’s stock after purchasing an additional 329,668 shares during the period. Fisher Asset Management LLC’s holdings in ATI were worth $77,895,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ATI. Huntington National Bank raised its position in ATI by 0.8% during the 3rd quarter. Huntington National Bank now owns 23,442 shares of the basic materials company’s stock valued at $1,907,000 after purchasing an additional 192 shares in the last quarter. Keystone Investors PTE Ltd. grew its position in shares of ATI by 123.6% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 261,280 shares of the basic materials company’s stock worth $21,253,000 after buying an additional 144,441 shares in the last quarter. Erste Asset Management GmbH purchased a new position in shares of ATI during the third quarter valued at $569,000. Intech Investment Management LLC raised its holdings in shares of ATI by 96.6% in 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 acquiring an additional 25,590 shares in the last quarter. Finally, US Bancorp DE lifted its stake in ATI by 6.8% in the third quarter. US Bancorp DE now owns 4,583 shares of the basic materials company’s stock worth $373,000 after acquiring an additional 292 shares during the period.

ATI Stock Performance

Shares of ATI opened at $166.95 on Tuesday. 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 firm has a market cap of $22.86 billion, a PE ratio of 58.78, a P/E/G ratio of 1.65 and a beta of 0.95. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $168.14. The stock has a fifty day moving average price of $131.20 and a 200-day moving average price of $103.78.

ATI (NYSE:ATI) last announced its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Equities research analysts predict that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

ATI declared that its Board of Directors has initiated a share buyback plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other 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 transaction, the chairman owned 132,676 shares in the company, valued at $14,525,368.48. This represents a 28.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ATI has been the topic of several recent research reports. 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. Susquehanna set a $155.00 price target on shares of ATI in a research report on Wednesday, February 4th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. lifted their price objective on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $150.00 price objective on shares of ATI in a research note on Wednesday, February 4th. One investment 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.com, the stock presently has an average rating of “Buy” and a consensus 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.