Insider Selling: ATI (NYSE:ATI) CEO Sells $10,699,253.43 in Stock

ATI Inc. (NYSE:ATI) CEO Kimberly Fields sold 59,749 shares of ATI stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares in the company, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

ATI Stock Down 2.0%

ATI stock opened at $177.57 on Friday. The company’s 50 day simple moving average is $158.86 and its 200 day simple moving average is $138.01. ATI Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $183.30. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $0.72 EPS. ATI’s quarterly revenue was up .6% compared to the same quarter last year. 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, sell-side analysts anticipate that ATI Inc. will post 4.43 EPS for the current year.

ATI declared that its board has authorized a stock repurchase program on Thursday, February 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On ATI

A number of large investors have recently bought and sold shares of the company. DV Trading LLC boosted its position in ATI by 100.0% during the 1st quarter. DV Trading LLC now owns 1,600 shares of the basic materials company’s stock worth $233,000 after acquiring an additional 800 shares during the last quarter. NewEdge Advisors LLC boosted its position in ATI by 3,869.0% during the 1st quarter. NewEdge Advisors LLC now owns 3,969 shares of the basic materials company’s stock worth $577,000 after acquiring an additional 3,869 shares during the last quarter. Optiver Holding B.V. acquired a new position in ATI during the 1st quarter worth approximately $178,000. Bank of America Corp DE boosted its position in ATI by 70.8% during the 1st quarter. Bank of America Corp DE now owns 1,364,941 shares of the basic materials company’s stock worth $198,544,000 after acquiring an additional 565,867 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its position in ATI by 17.2% during the 1st quarter. Edgestream Partners L.P. now owns 9,517 shares of the basic materials company’s stock worth $1,384,000 after acquiring an additional 1,399 shares during the last quarter.

Wall Street Analyst Weigh In

ATI has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $194.00 price objective on shares of ATI in a research report on Friday, May 1st. Zacks Research lowered ATI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. KeyCorp boosted their price objective on ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company initiated coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $164.38.

About ATI

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.