Arizona State Retirement System Sells 3,327 Shares of ATI Inc. $ATI

Arizona State Retirement System trimmed its position in shares of ATI Inc. (NYSE:ATI) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,416 shares of the basic materials company’s stock after selling 3,327 shares during the period. Arizona State Retirement System’s holdings in ATI were worth $4,409,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ATI. Asset Management One Co. Ltd. bought a new stake in shares of ATI in the third quarter valued at approximately $3,664,000. Channing Capital Management LLC boosted its position in shares of ATI by 34.2% in the third quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock valued at $90,219,000 after acquiring an additional 282,529 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of ATI by 53.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock valued at $3,103,000 after acquiring an additional 8,939 shares during the period. Nordea Investment Management AB bought a new stake in shares of ATI in the fourth quarter valued at approximately $6,114,000. Finally, Intech Investment Management LLC boosted its position in shares of ATI by 96.6% in the third quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock valued at $4,237,000 after acquiring an additional 25,590 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. KeyCorp increased their price objective on ATI from $140.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. increased their price objective on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Alembic Global Advisors began coverage on shares of ATI in a research note on Thursday, January 15th. They issued an “overweight” rating and a $141.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 target price on shares of ATI in a research note on Wednesday, February 4th. Finally, BTIG Research increased their target price on shares of ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $152.88.

Insider Buying and Selling

In other ATI news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the transaction, the director owned 38,168 shares in the company, valued at $5,887,414. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.98% of the stock is currently owned by corporate insiders.

ATI Trading Down 0.5%

Shares of ATI stock opened at $153.45 on Tuesday. The firm has a market capitalization of $20.94 billion, a PE ratio of 54.03, a price-to-earnings-growth ratio of 1.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The company’s fifty day moving average price is $153.41 and its two-hundred day moving average price is $124.71. ATI Inc. has a 52-week low of $51.80 and a 52-week high of $168.14.

ATI (NYSE:ATI) last announced its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, analysts expect that ATI Inc. will post 4.18 EPS for the current year.

ATI declared that its Board of Directors has approved a share repurchase program on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.