ATI (NYSE:ATI) CEO Sells $6,368,400.00 in Stock

ATI Inc. (NYSE:ATI) CEO Kimberly Fields sold 40,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were 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 approximately $44,222,647.23. This represents a 12.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

ATI Stock Performance

ATI traded down $0.07 during mid-day trading on Tuesday, reaching $161.09. 1,268,695 shares of the company traded hands, compared to its average volume of 2,000,279. The company’s fifty day moving average price is $153.50 and its 200-day moving average price is $128.91. The stock has a market capitalization of $21.98 billion, a P/E ratio of 53.34, a P/E/G ratio of 1.36 and a beta of 0.94. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. ATI Inc. has a 52-week low of $70.42 and a 52-week high of $171.11.

ATI (NYSE:ATI) last announced its earnings results 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 business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company earned $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 expect that ATI Inc. will post 4.43 EPS for the current year.

ATI declared that its board has authorized a share repurchase program on Thursday, February 19th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of ATI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of ATI by 8.1% in the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after buying an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of ATI by 49.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after acquiring an additional 209,480 shares in the last quarter. Cetera Investment Advisers purchased a new stake in ATI during the second quarter valued at approximately $324,000. M&T Bank Corp purchased a new stake in ATI during the second quarter valued at approximately $317,000. Finally, First Trust Advisors LP boosted its stake in ATI by 4.9% in the second quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock valued at $17,028,000 after acquiring an additional 9,234 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ATI shares. BTIG Research boosted their price target on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Alembic Global Advisors initiated coverage on shares of ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 price target on the stock. Finally, Susquehanna boosted their price target on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, ATI presently has a consensus rating of “Buy” and an average target price of $164.38.

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.