Crestwood Advisors Group LLC Sells 6,392 Shares of ATI Inc. $ATI

Crestwood Advisors Group LLC lessened its stake in shares of ATI Inc. (NYSE:ATI) by 39.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,612 shares of the basic materials company’s stock after selling 6,392 shares during the period. Crestwood Advisors Group LLC’s holdings in ATI were worth $1,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital International Investors raised its stake in shares of ATI by 2.6% during the third quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after acquiring an additional 436,131 shares in the last quarter. Capital World Investors raised its stake in shares of ATI by 15.8% during the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock valued at $642,633,000 after acquiring an additional 1,080,201 shares in the last quarter. State Street Corp raised its stake in shares of ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after acquiring an additional 415,479 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ATI by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,142,000 shares of the basic materials company’s stock valued at $174,210,000 after acquiring an additional 142,696 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in shares of ATI by 153.7% during the third quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock valued at $124,785,000 after acquiring an additional 929,333 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on ATI shares. Susquehanna lifted their price target on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Alembic Global Advisors began coverage on shares of ATI in a research note on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price objective for the company. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Wells Fargo & Company began coverage on shares of ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, ATI presently has a consensus rating of “Buy” and a consensus price target of $164.38.

ATI Stock Performance

Shares of NYSE:ATI opened at $158.51 on Friday. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 52.49, a price-to-earnings-growth ratio of 1.36 and a beta of 0.94. ATI Inc. has a 52 week low of $69.80 and a 52 week high of $171.11. 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 firm has a 50 day moving average of $153.57 and a 200 day moving average of $127.83.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. ATI’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. On average, sell-side analysts predict that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

ATI declared that its Board of Directors has initiated a share 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 repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the transaction, the director directly owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

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.