Citigroup Inc. Grows Position in ATI Inc. $ATI

Citigroup Inc. grew its stake in ATI Inc. (NYSE:ATI) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,604 shares of the basic materials company’s stock after buying an additional 5,792 shares during the period. Citigroup Inc. owned 0.07% of ATI worth $7,451,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ATI. Asset Management One Co. Ltd. acquired a new stake in shares of ATI in the third quarter worth $3,664,000. Envestnet Portfolio Solutions Inc. boosted its holdings in ATI by 27.4% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 39,682 shares of the basic materials company’s stock valued at $3,228,000 after purchasing an additional 8,532 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in ATI by 108.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 373,083 shares of the basic materials company’s stock worth $32,212,000 after purchasing an additional 194,518 shares during the period. Schroder Investment Management Group grew its position in ATI by 21.3% during the 2nd quarter. Schroder Investment Management Group now owns 532,837 shares of the basic materials company’s stock worth $46,005,000 after purchasing an additional 93,620 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of ATI by 9.7% during the 3rd quarter. Federated Hermes Inc. now owns 491,849 shares of the basic materials company’s stock valued at $40,007,000 after buying an additional 43,364 shares during the last quarter.

ATI Price Performance

Shares of ATI stock opened at $163.43 on Monday. The stock has a market capitalization of $22.38 billion, a P/E ratio of 57.55, a PEG ratio of 1.65 and a beta of 0.95. The business has a 50 day simple moving average of $130.18 and a two-hundred day simple moving average of $103.13. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $164.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27.

ATI (NYSE:ATI) last issued its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

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

Insider Activity at ATI

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction dated 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 directly owned 132,676 shares in the company, valued at $14,525,368.48. This represents a 28.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. BTIG Research raised their target price on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Susquehanna set a $155.00 price objective on shares of ATI in a research note on Wednesday, February 4th. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. Finally, 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 objective for the company. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.