Northwestern Mutual Wealth Management Co. increased its position in shares of ATI Inc. (NYSE:ATI – Free Report) by 456.9% in the fourth quarter, HoldingsChannel reports. The firm owned 129,617 shares of the basic materials company’s stock after purchasing an additional 106,343 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ATI were worth $14,875,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Capital International Investors increased its position in shares of ATI by 2.6% during the 3rd 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. Capital World Investors increased its position in shares of ATI by 15.8% during the 3rd 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 in the last quarter. State Street Corp grew its holdings in ATI by 7.4% during the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock worth $491,476,000 after acquiring an additional 415,479 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in ATI by 7.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,142,000 shares of the basic materials company’s stock worth $174,210,000 after acquiring an additional 142,696 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in ATI by 153.7% during the 3rd quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock worth $124,785,000 after acquiring an additional 929,333 shares during the last quarter.
Analyst Upgrades and Downgrades
ATI has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $194.00 price objective on shares of ATI in a report on Friday, May 1st. Wells Fargo & Company initiated coverage on shares of ATI in a report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price objective on the stock. BTIG Research increased 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. Wall Street Zen lowered shares of ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, JPMorgan Chase & Co. increased 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, ATI has a consensus rating of “Buy” and an average price target of $164.38.
ATI Stock Up 2.0%
Shares of NYSE ATI opened at $153.43 on Thursday. The firm has a market capitalization of $20.94 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $171.11. The firm’s 50-day moving average is $153.25 and its 200-day moving average is $132.02.
ATI (NYSE:ATI – Get Free Report) last issued its 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. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities analysts expect that ATI Inc. will post 4.43 EPS for the current year.
ATI declared that its Board of Directors has initiated 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 often a sign that the company’s management believes its shares are undervalued.
Insider Activity
In other news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the transaction, the director owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. This trade represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kimberly A. Fields sold 40,000 shares of the firm’s stock in a transaction dated 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. This trade represents a 12.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.98% of the stock is currently owned by company insiders.
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.
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