Insider Selling: ATI (NYSE:ATI) CEO Sells 59,749 Shares of Stock

ATI Inc. (NYSE:ATI) CEO Kimberly Fields sold 59,749 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the sale, the chief executive officer owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ATI Trading Up 0.7%

NYSE ATI traded up $1.23 during trading on Thursday, hitting $181.17. 1,181,081 shares of the company’s stock traded hands, compared to its average volume of 1,699,423. The stock has a fifty day moving average of $158.29 and a two-hundred day moving average of $137.73. 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 Inc. has a 12-month low of $70.42 and a 12-month high of $183.30. The firm has a market cap of $24.72 billion, a P/E ratio of 59.99, a PEG ratio of 1.55 and a beta of 0.96.

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

ATI announced that its Board of Directors has approved a stock buyback program on Thursday, February 19th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the basic materials company to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On ATI

Institutional investors and hedge funds have recently made changes to their positions in the company. Channing Capital Management LLC boosted its holdings in ATI by 34.2% in the third quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock worth $90,219,000 after purchasing an additional 282,529 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in ATI by 53.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock worth $3,103,000 after purchasing an additional 8,939 shares during the last quarter. Nordea Investment Management AB purchased a new stake in ATI in the fourth quarter worth approximately $6,114,000. First Financial Bankshares Inc purchased a new stake in ATI in the third quarter worth approximately $1,589,000. Finally, 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 during the last quarter.

Wall Street Analysts Forecast Growth

ATI has been the subject of several research analyst reports. Zacks Research lowered shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $194.00 price objective on shares of ATI in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. BTIG Research raised their price objective on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Wells Fargo & Company assumed coverage on shares of ATI in a research note on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $164.38.

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.