Dymon Asia Capital Singapore PTE. LTD. lessened its holdings in ATI Inc. (NYSE:ATI – Free Report) by 33.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,400 shares of the basic materials company’s stock after selling 14,000 shares during the period. ATI comprises 0.3% of Dymon Asia Capital Singapore PTE. LTD.’s holdings, making the stock its 28th biggest holding. Dymon Asia Capital Singapore PTE. LTD.’s holdings in ATI were worth $3,259,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATI. True Wealth Design LLC increased its position 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 purchasing an additional 225 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new position in ATI during the 3rd quarter worth approximately $34,000. Torren Management LLC acquired a new position in ATI during the 4th quarter worth approximately $52,000. Allworth Financial LP increased 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 worth $43,000 after purchasing an additional 180 shares in the last quarter. Finally, Clearstead Advisors LLC increased its position in ATI by 137.3% during the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 346 shares in the last quarter.
Insiders Place Their Bets
In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction that occurred on 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 directly owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.98% of the stock is owned by insiders.
ATI Trading Down 0.7%
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 for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the firm posted $0.72 EPS. The company’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, research analysts predict that ATI Inc. will post 4.43 earnings per share for the current year.
ATI announced that its board has authorized a share buyback program on Thursday, February 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. BTIG Research upped their price objective on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Susquehanna upped their price objective on shares of ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, April 10th. Zacks Research cut shares of ATI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $164.38.
View Our Latest Stock Report on ATI
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.
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