Nordea Investment Management AB Takes $6.11 Million Position in ATI Inc. $ATI

Nordea Investment Management AB acquired a new position in shares of ATI Inc. (NYSE:ATI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 52,700 shares of the basic materials company’s stock, valued at approximately $6,114,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada increased its position in ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after purchasing an additional 4,542 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of ATI by 49.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after purchasing an additional 209,480 shares during the period. Cetera Investment Advisers bought a new stake in shares of ATI in the 2nd quarter valued at $324,000. MAI Capital Management boosted its stake in shares of ATI by 38.6% in the 2nd quarter. MAI Capital Management now owns 869 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 242 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of ATI by 0.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,497,433 shares of the basic materials company’s stock worth $129,288,000 after buying an additional 4,917 shares during the period.

Insider Buying and Selling

In other ATI news, Director David J. Morehouse sold 6,609 shares of the firm’s 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

ATI Price Performance

Shares of NYSE ATI opened at $143.91 on Friday. The firm has a market capitalization of $19.71 billion, a P/E ratio of 50.67, a P/E/G ratio of 1.47 and a beta of 0.95. The firm’s 50-day moving average price is $142.41 and its 200-day moving average price is $112.78. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $168.14.

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

ATI declared that its Board of Directors has initiated a share repurchase program on Thursday, February 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the basic materials company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on ATI. Susquehanna set a $155.00 target price on shares of ATI in a research note on Wednesday, February 4th. Alembic Global Advisors began coverage on shares of ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target on the stock. JPMorgan Chase & Co. increased their price target on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. KeyCorp began coverage on ATI in a research note on Wednesday. They issued an “overweight” rating and a $140.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, ATI presently has an average rating of “Buy” and a consensus price target of $134.00.

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.