Envestnet Asset Management Inc. Purchases 5,910 Shares of ATI Inc. $ATI

Envestnet Asset Management Inc. boosted its holdings in ATI Inc. (NYSE:ATI) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,552 shares of the basic materials company’s stock after buying an additional 5,910 shares during the quarter. Envestnet Asset Management Inc.’s holdings in ATI were worth $4,519,000 at the end of the most recent reporting period.

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

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 53,862 shares of ATI 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 of the company’s stock, valued at approximately $14,525,368.48. The trade was a 28.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ATI shares. Alembic Global Advisors began coverage on shares of ATI in a research note on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price for the company. KeyCorp upped their target price on ATI from $120.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. BTIG Research increased their price target on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One investment 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.com, ATI presently has an average rating of “Buy” and a consensus target price of $133.00.

ATI Stock Performance

NYSE ATI opened at $159.12 on Tuesday. The company has a fifty day moving average price of $126.00 and a 200-day moving average price of $100.66. The firm has a market cap of $21.62 billion, a price-to-earnings ratio of 56.03, a PEG ratio of 1.60 and a beta of 1.02. 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 Inc. has a 1 year low of $39.23 and a 1 year high of $159.83.

ATI (NYSE:ATI) last issued its quarterly earnings data 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 the consensus estimate of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior 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. As a group, equities research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

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

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.