ATI Inc. $ATI Position Lifted by Channing Capital Management LLC

Channing Capital Management LLC grew its holdings in shares of ATI Inc. (NYSE:ATI) by 34.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,109,160 shares of the basic materials company’s stock after buying an additional 282,529 shares during the quarter. ATI accounts for 2.4% of Channing Capital Management LLC’s portfolio, making the stock its 7th largest position. Channing Capital Management LLC owned about 0.82% of ATI worth $90,219,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ATI. Sequoia Financial Advisors LLC lifted its holdings in shares of ATI by 2.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock valued at $360,000 after acquiring an additional 102 shares in the last quarter. Smartleaf Asset Management LLC increased 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 valued at $86,000 after purchasing an additional 118 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in ATI by 6.1% in the third quarter. Johnson Investment Counsel Inc. now owns 2,624 shares of the basic materials company’s stock valued at $213,000 after purchasing an additional 150 shares during the period. SG Americas Securities LLC lifted its stake in shares of ATI by 0.7% during the second quarter. SG Americas Securities LLC now owns 23,636 shares of the basic materials company’s stock worth $2,041,000 after purchasing an additional 160 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in shares of ATI by 3.0% in the second quarter. AlphaQuest LLC now owns 5,772 shares of the basic materials company’s stock worth $498,000 after buying an additional 170 shares during the period.

Insider Activity

In other news, Chairman Robert S. Wetherbee sold 53,862 shares of the company’s 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 sale, the chairman owned 132,676 shares in the company, valued at approximately $14,525,368.48. This represents a 28.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Timothy J. Harris sold 10,542 shares of the stock in a transaction dated 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 position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ATI has been the topic of several analyst reports. BTIG Research raised their target price on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. Alembic Global Advisors started 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. Finally, Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. Based on data from MarketBeat, ATI has an average rating of “Buy” and a consensus target price of $133.00.

ATI Stock Performance

Shares of ATI opened at $158.94 on Friday. 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 company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $125.00 and its two-hundred day moving average is $99.88. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $158.99.

ATI (NYSE:ATI) last issued 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 business had revenue of $1.18 billion during 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 was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Analysts forecast that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI announced that its board has initiated a stock buyback plan on Thursday, February 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits 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 management believes its stock is 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.