Assenagon Asset Management S.A. Lowers Stock Holdings in ATI Inc. $ATI

Assenagon Asset Management S.A. lessened its position in ATI Inc. (NYSE:ATI) by 61.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,818 shares of the basic materials company’s stock after selling 41,815 shares during the quarter. Assenagon Asset Management S.A.’s holdings in ATI were worth $2,963,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in ATI during the 2nd quarter valued at about $146,726,000. Capital World Investors increased its stake in ATI by 15.8% during the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after purchasing an additional 1,080,201 shares during the period. Holocene Advisors LP increased its stake in ATI by 153.7% during the third quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock worth $124,785,000 after purchasing an additional 929,333 shares during the period. BNP Paribas Financial Markets lifted its position in shares of ATI by 552.7% during the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock worth $62,184,000 after purchasing an additional 609,874 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of ATI by 2.6% during the third quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock worth $1,394,349,000 after purchasing an additional 436,131 shares in the last quarter.

Insider Buying and Selling at ATI

In other news, Director David J. Morehouse sold 6,609 shares of ATI 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 sale, the director directly owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. The trade was a 14.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

ATI Stock Down 3.3%

ATI stock opened at $135.76 on Tuesday. The company’s 50 day moving average price is $142.96 and its 200 day moving average price is $114.17. The firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of 47.80, a PEG ratio of 1.39 and a beta of 0.95. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $168.14. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.27 and a current ratio of 2.66.

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. ATI had a net margin of 8.81% and a return on equity of 24.26%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, equities research analysts anticipate 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 allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the basic materials company to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

ATI has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $150.00 price objective on shares of ATI in a report on Wednesday, February 4th. Alembic Global Advisors assumed coverage on shares of ATI in a report on Thursday, January 15th. They set an “overweight” rating and a $141.00 target price on the stock. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. KeyCorp started coverage on shares of ATI in a research note on Wednesday, March 25th. They issued an “overweight” rating and a $140.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $134.00.

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.