Versor Investments LP lowered its stake in shares of ATI Inc. (NYSE:ATI – Free Report) by 58.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,355 shares of the basic materials company’s stock after selling 3,345 shares during the quarter. Versor Investments LP’s holdings in ATI were worth $270,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC grew its holdings in ATI by 642.9% during the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 225 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new position in ATI during the 3rd quarter valued at about $34,000. Torren Management LLC acquired a new position in ATI during the 4th quarter valued at about $52,000. Allworth Financial LP lifted its position in ATI by 50.8% during the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 180 shares during the period. Finally, ARK Investment Management LLC lifted its position in ATI by 378.7% during the 3rd quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 587 shares during the period.
Insider Buying and Selling
In related news, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $159.21, for a total transaction of $6,368,400.00. Following the completion of the sale, the chief executive officer directly owned 277,763 shares of the company’s stock, valued at approximately $44,222,647.23. This represents a 12.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David J. Morehouse sold 6,609 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following 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 ownership of the stock. The SEC filing for this sale provides additional information. 0.98% of the stock is currently owned by corporate insiders.
ATI Stock Performance
ATI (NYSE:ATI – Get Free Report) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business earned $0.72 EPS. ATI’s revenue for the quarter was up .6% compared to the same quarter last year. 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 forecast that ATI Inc. will post 4.43 earnings per share for the current year.
ATI announced that its board has initiated a share repurchase program on Thursday, February 19th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the basic materials company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
ATI has been the topic of a number of research reports. Wells Fargo & Company initiated coverage on shares of ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 target price on the stock. KeyCorp upped their target price on shares of ATI from $167.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of ATI from a “buy” rating to a “hold” rating in a research report on Saturday. Susquehanna upped their target price on shares of ATI from $155.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, April 10th. Finally, Zacks Research downgraded shares of ATI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $164.38.
Read Our Latest Stock Analysis on ATI
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.
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