ATI Inc. $ATI Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. reduced its stake in shares of ATI Inc. (NYSE:ATI) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,329,220 shares of the basic materials company’s stock after selling 46,340 shares during the quarter. ATI accounts for approximately 2.7% of Bowen Hanes & Co. Inc.’s holdings, making the stock its 8th largest holding. Bowen Hanes & Co. Inc. owned about 0.98% of ATI worth $108,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its position in ATI by 2,010.0% in the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 402 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in ATI by 56.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 260 shares in the last quarter. MAI Capital Management increased its stake in ATI by 38.6% during the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock worth $75,000 after buying an additional 242 shares during the period. NewEdge Advisors LLC acquired a new position in ATI in the 2nd quarter worth $75,000. Finally, Smartleaf Asset Management LLC lifted its holdings in ATI by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock worth $86,000 after buying an additional 118 shares in the last quarter.

ATI Price Performance

Shares of ATI opened at $158.94 on Friday. ATI Inc. has a 52 week low of $39.23 and a 52 week high of $158.99. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 55.96, a PEG ratio of 1.60 and a beta of 1.02. The stock has a 50 day moving average of $125.00 and a 200-day moving average of $99.88.

ATI (NYSE:ATI) last announced its quarterly earnings data on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.18 billion for 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 last year, the business 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. As a group, analysts forecast that ATI Inc. will post 2.89 EPS for the current year.

ATI announced that its Board of Directors has authorized a stock buyback program on Thursday, February 19th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ATI. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 target price on shares of ATI in a research note on Wednesday, February 4th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. BTIG Research upped their target price on ATI from $120.00 to $165.00 and gave the company a “buy” 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 report on Sunday, February 15th. Finally, KeyCorp lifted their price target on shares of ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $133.00.

Insider Transactions at ATI

In other news, VP Timothy J. Harris sold 10,542 shares of ATI stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $97.88, for a total value of $1,031,850.96. Following the completion of the transaction, the vice president directly owned 98,310 shares of the company’s stock, valued at approximately $9,622,582.80. The trade was a 9.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the sale, the chairman owned 132,676 shares in the company, valued at approximately $14,525,368.48. This trade represents a 28.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

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.