Covea Finance Lowers Stock Position in ATI Inc. $ATI

Covea Finance trimmed its holdings in ATI Inc. (NYSE:ATI) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,400 shares of the basic materials company’s stock after selling 5,900 shares during the quarter. Covea Finance’s holdings in ATI were worth $5,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATI. GAMMA Investing LLC boosted its stake in ATI by 21.5% during the 4th quarter. GAMMA Investing LLC now owns 3,377 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 597 shares during the period. Allworth Financial LP increased its stake in ATI by 50.8% in the third 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. Swiss Life Asset Management Ltd raised its holdings in shares of ATI by 76.4% in the third quarter. Swiss Life Asset Management Ltd now owns 6,439 shares of the basic materials company’s stock valued at $524,000 after buying an additional 2,788 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of ATI in the third quarter valued at about $335,000. Finally, Danske Bank A S acquired a new stake in shares of ATI during the third quarter worth about $122,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ATI shares. KeyCorp raised their price target on ATI from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $150.00 price objective on shares of ATI in a research note on Wednesday, February 4th. Susquehanna set a $155.00 price objective on ATI in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $133.00.

ATI Trading Down 3.9%

Shares of ATI stock opened at $141.86 on Friday. ATI Inc. has a 52-week low of $39.23 and a 52-week high of $168.14. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90. The company’s 50-day simple moving average is $140.57 and its 200-day simple moving average is $110.85. The firm has a market cap of $19.43 billion, a price-to-earnings ratio of 49.95, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. As a group, equities research analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

ATI declared that its Board of Directors 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 buy up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, 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 transaction of $1,019,438.25. Following the completion of the transaction, the director directly owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. This represents a 14.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.