Eurizon Capital SGR S.p.A. Invests $549,000 in ATI Inc. $ATI

Eurizon Capital SGR S.p.A. purchased a new position in shares of ATI Inc. (NYSE:ATI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,767 shares of the basic materials company’s stock, valued at approximately $549,000.

Several other large investors also recently made changes to their positions in ATI. Channing Capital Management LLC increased its stake in shares of ATI by 34.2% in the third quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company’s stock worth $90,219,000 after purchasing an additional 282,529 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of ATI by 53.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,648 shares of the basic materials company’s stock worth $3,103,000 after purchasing an additional 8,939 shares during the period. Nordea Investment Management AB bought a new position in shares of ATI in the fourth quarter worth about $6,114,000. First Financial Bankshares Inc bought a new position in shares of ATI in the third quarter worth about $1,589,000. Finally, Intech Investment Management LLC increased its stake in shares of ATI by 96.6% in the third quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company’s stock worth $4,237,000 after purchasing an additional 25,590 shares during the period.

ATI Stock Up 1.1%

ATI stock opened at $180.40 on Thursday. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $183.30. The company has a market cap of $24.62 billion, a PE ratio of 59.74, a price-to-earnings-growth ratio of 1.54 and a beta of 0.96. The business’s 50-day simple moving average is $157.65 and its 200 day simple moving average is $137.16. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last released 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 return on equity of 26.44% and a net margin of 9.26%.The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business earned $0.72 earnings per share. The firm’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. On average, research analysts anticipate that ATI Inc. will post 4.43 earnings per share for the current year.

ATI announced that its board has authorized a share repurchase plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. BTIG Research lifted their price objective on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wells Fargo & Company assumed coverage on ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective on the stock. Wall Street Zen lowered ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. lifted their price objective on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Susquehanna lifted their price objective on ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, ATI has a consensus rating of “Buy” and an average target price of $164.38.

Insider Transactions at ATI

In related news, CEO Kimberly A. Fields sold 40,000 shares of ATI stock in a transaction dated 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 sale, the chief executive officer directly owned 277,763 shares of the company’s stock, valued at $44,222,647.23. This trade represents a 12.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction dated 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 in the company, valued at approximately $5,887,414. This trade represents 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 owned by company insiders.

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.