Thrivent Financial for Lutherans Sells 14,657 Shares of ATI Inc. $ATI

Thrivent Financial for Lutherans reduced its position in ATI Inc. (NYSE:ATI) by 24.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,122 shares of the basic materials company’s stock after selling 14,657 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ATI were worth $3,751,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ATI. Norges Bank purchased a new stake in ATI in the second quarter worth approximately $146,726,000. BNP Paribas Financial Markets lifted its holdings in shares of ATI by 552.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after acquiring an additional 609,874 shares during the last quarter. Holocene Advisors LP purchased a new stake in shares of ATI in the 2nd quarter valued at $52,217,000. Saraza Management LP bought a new position in shares of ATI during the 2nd quarter valued at $26,334,000. Finally, Bank of Nova Scotia bought a new position in shares of ATI during the 2nd quarter valued at $20,569,000.

Insider Activity at ATI

In other ATI news, VP Timothy J. Harris sold 10,543 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $97.69, for a total transaction of $1,029,945.67. Following the transaction, the vice president owned 119,394 shares in the company, valued at approximately $11,663,599.86. This represents a 8.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert S. Wetherbee sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $98.34, for a total value of $5,900,400.00. Following the completion of 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 SEC filing for this sale provides additional information. Insiders have sold 148,087 shares of company stock worth $15,131,989 over the last 90 days. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Susquehanna set a $155.00 price target on shares of ATI in a research report on Wednesday. Alembic Global Advisors initiated coverage on ATI in a research note on Thursday, January 15th. They issued an “overweight” rating and a $141.00 target price for the company. JPMorgan Chase & Co. raised their price target on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $150.00 price target on shares of ATI in a research note on Wednesday. Finally, Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research note on Saturday. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, ATI has an average rating of “Moderate Buy” and a consensus price target of $133.00.

ATI Price Performance

Shares of ATI stock opened at $133.75 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 2.66. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $137.00. The firm has a market cap of $18.17 billion, a P/E ratio of 47.10, a P/E/G ratio of 1.23 and a beta of 1.02. The business’s 50 day moving average price is $116.49 and its 200-day moving average price is $95.85.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, equities research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

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.