Fisher Asset Management LLC Cuts Stake in ATI Inc. $ATI

Fisher Asset Management LLC reduced its position in ATI Inc. (NYSE:ATI) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 908,495 shares of the basic materials company’s stock after selling 49,153 shares during the quarter. Fisher Asset Management LLC’s holdings in ATI were worth $104,259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC grew its holdings in shares of ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after buying an additional 225 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new stake in shares of ATI during the third quarter valued at $34,000. Torren Management LLC purchased a new stake in shares of ATI during the fourth quarter valued at $52,000. Allworth Financial LP grew its holdings in shares of ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after buying an additional 180 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in shares of ATI by 137.3% during the fourth quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock valued at $69,000 after buying an additional 346 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Susquehanna boosted their price objective on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a report on Friday, April 10th. Zacks Research lowered shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $164.38.

Insiders Place Their Bets

In related news, CEO Kimberly A. Fields sold 40,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $159.21, for a total transaction of $6,368,400.00. Following the completion of the transaction, the chief executive officer directly owned 277,763 shares in the company, valued at $44,222,647.23. The trade was a 12.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David J. Morehouse sold 6,609 shares of the business’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 transaction, the director owned 38,168 shares of the company’s stock, valued at $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.98% of the company’s stock.

ATI Trading Up 0.0%

NYSE ATI opened at $162.33 on Tuesday. The company has a market capitalization of $22.15 billion, a PE ratio of 53.75, a P/E/G ratio of 1.40 and a beta of 0.94. The company has a fifty day moving average of $153.69 and a 200 day moving average of $133.37. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $171.11. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17.

ATI (NYSE:ATI) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Research analysts forecast that ATI Inc. will post 4.43 earnings per share for the current year.

ATI declared that its Board of Directors has authorized a share repurchase program on Thursday, February 19th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board 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.