ATI Inc. $ATI Position Trimmed by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. cut its stake in ATI Inc. (NYSE:ATI) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,177,705 shares of the basic materials company’s stock after selling 151,515 shares during the quarter. ATI makes up approximately 3.4% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 3rd largest holding. Bowen Hanes & Co. Inc.’s holdings in ATI were worth $135,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CIBC Asset Management Inc lifted its stake in ATI by 6.7% in the 4th quarter. CIBC Asset Management Inc now owns 4,248 shares of the basic materials company’s stock valued at $488,000 after buying an additional 267 shares in the last quarter. Rational Advisors Inc. purchased a new position in ATI in the 4th quarter valued at about $3,833,000. Natixis Advisors LLC lifted its stake in ATI by 99.2% in the 4th quarter. Natixis Advisors LLC now owns 151,265 shares of the basic materials company’s stock valued at $17,360,000 after buying an additional 75,342 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in ATI in the 4th quarter valued at about $31,789,000. Finally, Norges Bank purchased a new position in ATI in the 4th quarter valued at about $198,787,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ATI shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $194.00 price target on shares of ATI in a research note on Friday, May 1st. BTIG Research increased their price objective on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. KeyCorp increased their price objective on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Susquehanna increased their price objective on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ATI has an average rating of “Buy” and an average price target of $164.38.

ATI Stock Up 1.1%

ATI stock opened at $180.40 on Thursday. The company has a market cap of $24.62 billion, a price-to-earnings ratio of 59.74, a PEG ratio of 1.54 and a beta of 0.96. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $183.30. The firm has a 50-day moving average of $157.65 and a two-hundred day moving average of $137.16.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating 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 quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, analysts forecast 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 buyback 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 reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 38,168 shares in the company, valued at $5,887,414. This trade represents a 14.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kimberly A. Fields sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 represents a 12.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.98% of the stock is owned by company insiders.

ATI 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.