CenterBook Partners LP Invests $1.37 Million in ATI Inc. $ATI

CenterBook Partners LP acquired a new stake in ATI Inc. (NYSE:ATI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,858 shares of the basic materials company’s stock, valued at approximately $1,371,000.

Several other large investors have also recently added to or reduced their stakes in ATI. Geode Capital Management LLC increased its position in shares of ATI by 2.4% during the second quarter. Geode Capital Management LLC now owns 2,435,916 shares of the basic materials company’s stock worth $210,353,000 after acquiring an additional 57,883 shares during the period. Norges Bank acquired a new stake in ATI in the 2nd quarter valued at about $146,726,000. Charles Schwab Investment Management Inc. boosted its stake in shares of ATI by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock valued at $129,288,000 after buying an additional 4,917 shares during the period. Bowen Hanes & Co. Inc. grew its position in shares of ATI by 0.3% during the second quarter. Bowen Hanes & Co. Inc. now owns 1,375,560 shares of the basic materials company’s stock worth $118,766,000 after buying an additional 4,225 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of ATI by 11.7% during the second quarter. Raymond James Financial Inc. now owns 943,789 shares of the basic materials company’s stock worth $81,487,000 after buying an additional 98,537 shares during the period.

Insiders Place Their Bets

In related news, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total value of $5,896,811.76. Following the completion of the sale, the chairman owned 132,676 shares in the company, valued at $14,525,368.48. This represents a 28.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy J. Harris sold 10,542 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $97.88, for a total transaction of $1,031,850.96. Following the transaction, the vice president directly owned 98,310 shares in the company, valued at $9,622,582.80. The trade was a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

ATI Stock Up 4.0%

ATI opened at $158.94 on Friday. ATI Inc. has a one year low of $39.23 and a one year high of $158.99. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66. The stock has a market capitalization of $21.59 billion, a P/E ratio of 55.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.02. The business’s 50-day simple moving average is $125.00 and its 200-day simple moving average is $99.70.

ATI (NYSE:ATI) last released its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. 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 anticipate that ATI Inc. will post 2.89 EPS for the current year.

ATI announced that its board has approved a stock buyback plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on ATI. Alembic Global Advisors initiated coverage on shares of ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on shares of ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Finally, KeyCorp upped their price objective on ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $133.00.

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.