ATI Inc. $ATI Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in ATI Inc. (NYSE:ATI) by 4.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 306,143 shares of the basic materials company’s stock after selling 13,656 shares during the period. Principal Financial Group Inc. owned about 0.23% of ATI worth $24,902,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in ATI in the 2nd quarter worth about $146,726,000. BNP Paribas Financial Markets grew its holdings in ATI by 552.7% in the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock valued at $62,184,000 after purchasing an additional 609,874 shares during the period. Holocene Advisors LP purchased a new stake in shares of ATI in the second quarter valued at approximately $52,217,000. Saraza Management LP purchased a new stake in shares of ATI in the second quarter valued at approximately $26,334,000. Finally, Bank of Nova Scotia acquired a new position in shares of ATI during the 2nd quarter worth approximately $20,569,000.

Insider Transactions at ATI

In other news, Chairman Robert S. Wetherbee sold 60,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $98.34, for a total transaction of $5,900,400.00. Following the transaction, the chairman owned 246,538 shares of the company’s stock, valued at approximately $24,244,546.92. The trade was a 19.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy J. Harris sold 10,543 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $97.69, for a total transaction of $1,029,945.67. Following the completion of the sale, the vice president directly owned 119,394 shares of the company’s stock, valued at $11,663,599.86. This represents a 8.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 148,087 shares of company stock worth $15,131,989 in the last quarter. Company insiders own 1.10% of the company’s stock.

ATI Trading Up 3.9%

ATI opened at $133.75 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.18. The company’s 50 day simple moving average is $116.49 and its two-hundred day simple moving average is $95.85. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $137.00. The firm has a market capitalization of $18.17 billion, a price-to-earnings ratio of 47.10, a price-to-earnings-growth ratio of 1.23 and a beta of 1.02.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s 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. Analysts expect that ATI Inc. will post 2.89 EPS for the current fiscal year.

Analyst Ratings Changes

ATI has been the subject of several recent analyst reports. BTIG Research boosted their price target on shares of ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday. Susquehanna set a $155.00 target price on shares of ATI in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 price target on shares of ATI in a research report on Wednesday. KeyCorp lifted their price objective on ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Alembic Global Advisors started coverage on ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price for the company. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $133.00.

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.