Algert Global LLC Has $8.78 Million Stock Holdings in ATI Inc. $ATI

Algert Global LLC decreased its position in shares of ATI Inc. (NYSE:ATI) by 8.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,900 shares of the basic materials company’s stock after selling 10,114 shares during the period. Algert Global LLC owned 0.08% of ATI worth $8,777,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. acquired a new position in shares of ATI during the 3rd quarter worth $3,664,000. Channing Capital Management LLC raised its holdings in shares of 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 valued at $90,219,000 after purchasing an additional 282,529 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake 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 valued at $3,228,000 after purchasing an additional 8,532 shares during the last quarter. Intech Investment Management LLC boosted its holdings in ATI by 96.6% in the third quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock worth $4,237,000 after purchasing an additional 25,590 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its holdings in ATI by 108.9% in the second quarter. Segall Bryant & Hamill LLC now owns 373,083 shares of the basic materials company’s stock worth $32,212,000 after purchasing an additional 194,518 shares in the last quarter.

ATI Stock Up 4.0%

ATI stock opened at $147.63 on Tuesday. 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 fifty-two week low of $39.23 and a fifty-two week high of $168.14. The firm has a fifty day moving average price of $138.47 and a two-hundred day moving average price of $109.36. The firm has a market cap of $20.22 billion, a price-to-earnings ratio of 51.98, a P/E/G ratio of 1.41 and a beta of 0.95.

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, beating the consensus estimate of $0.89 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s revenue was up .4% compared to the same quarter last year. 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 earnings per share for the current year.

ATI declared that its Board of Directors has approved a share buyback plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the completion of the transaction, the director directly owned 38,168 shares in the company, valued at $5,887,414. This represents a 14.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Robert S. Wetherbee sold 53,862 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the sale, the chairman directly owned 132,676 shares of the company’s stock, valued at approximately $14,525,368.48. This trade represents a 28.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ATI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 target price on shares of ATI in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Finally, BTIG Research upped their target price on ATI from $120.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $133.00.

About ATI

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.