Capital Group Private Client Services Inc. Trims Stock Holdings in ATI Inc. $ATI

Capital Group Private Client Services Inc. lessened its stake in shares of ATI Inc. (NYSE:ATI) by 77.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,850 shares of the basic materials company’s stock after selling 270,177 shares during the quarter. Capital Group Private Client Services Inc. owned approximately 0.06% of ATI worth $6,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after purchasing an additional 4,542 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock valued at $32,984,000 after buying an additional 209,480 shares during the period. Savant Capital LLC acquired a new stake in ATI during the second quarter worth approximately $315,000. Penserra Capital Management LLC purchased a new stake in ATI in the 2nd quarter worth approximately $1,613,000. Finally, Summit Investment Advisors Inc. raised its holdings in ATI by 12,202.6% in the 1st quarter. Summit Investment Advisors Inc. now owns 28,296 shares of the basic materials company’s stock valued at $1,472,000 after acquiring an additional 28,066 shares during the last quarter.

Analysts Set New Price Targets

ATI has been the topic of a number of recent analyst reports. BTIG Research increased their price target on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Susquehanna set a $155.00 target price on ATI in a research note on Wednesday, February 4th. Alembic Global Advisors initiated coverage on ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price on the stock. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, JPMorgan Chase & Co. lifted their price target on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. 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.com, the company currently has an average rating of “Buy” and a consensus target price of $133.00.

Insider Transactions at ATI

In other ATI news, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction that occurred on 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 owned 132,676 shares of the company’s stock, valued at $14,525,368.48. This trade represents a 28.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

ATI Trading Up 1.5%

Shares of ATI opened at $159.06 on Wednesday. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $168.14. The stock’s 50-day moving average is $135.98 and its two-hundred day moving average is $107.33. 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 stock has a market cap of $21.78 billion, a PE ratio of 56.01, a P/E/G ratio of 1.55 and a beta of 0.95.

ATI (NYSE:ATI) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, beating 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 return on equity of 24.26% and a net margin of 8.81%.The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last 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. Equities analysts forecast that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

ATI declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the basic materials company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign 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.