Barclays PLC Boosts Position in ATI Inc. $ATI

Barclays PLC raised its stake in ATI Inc. (NYSE:ATI) by 133.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,691 shares of the basic materials company’s stock after acquiring an additional 182,707 shares during the period. Barclays PLC owned 0.24% of ATI worth $26,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Asset Management One Co. Ltd. bought a new stake in shares of ATI in the 3rd quarter worth about $3,664,000. Channing Capital Management LLC grew its stake in ATI by 34.2% during the 3rd quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock worth $90,219,000 after buying an additional 282,529 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of ATI by 27.4% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 39,682 shares of the basic materials company’s stock worth $3,228,000 after acquiring an additional 8,532 shares during the period. Intech Investment Management LLC increased its stake 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 purchasing an additional 25,590 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in ATI by 108.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 373,083 shares of the basic materials company’s stock valued at $32,212,000 after acquiring an additional 194,518 shares in the last quarter.

Insiders Place Their Bets

In other ATI news, Chairman Robert S. Wetherbee sold 53,862 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $109.48, for a total value of $5,896,811.76. Following the completion of the transaction, the chairman directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David J. Morehouse sold 6,609 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the sale, the director directly owned 38,168 shares of the company’s stock, valued at $5,887,414. This represents a 14.76% 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.

Analyst Upgrades and Downgrades

ATI has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Zacks Research upgraded shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 9th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. Susquehanna set a $155.00 target price on ATI in a research note on Wednesday, February 4th. Finally, Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. 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, ATI currently has a consensus rating of “Buy” and an average target price of $133.00.

ATI Stock Performance

NYSE:ATI opened at $157.61 on Thursday. 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 stock has a market capitalization of $21.58 billion, a P/E ratio of 55.50, a price-to-earnings-growth ratio of 1.57 and a beta of 0.95. The firm has a 50 day moving average of $136.83 and a 200-day moving average of $107.68. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $168.14.

ATI (NYSE:ATI) last announced its 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 company 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%. ATI’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, sell-side analysts anticipate that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI declared that its Board of Directors has approved a share 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 purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is 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.