Capital Research Global Investors Buys 386,754 Shares of ATI Inc. $ATI

Capital Research Global Investors raised its stake in shares of ATI Inc. (NYSE:ATI) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,611,724 shares of the basic materials company’s stock after purchasing an additional 386,754 shares during the period. Capital Research Global Investors owned 2.66% of ATI worth $414,481,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ATI. Royal Bank of Canada raised its position in shares of ATI by 8.1% in the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after acquiring an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. raised 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 acquiring an additional 209,480 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of ATI in the 2nd quarter worth about $324,000. M&T Bank Corp bought a new position in shares of ATI in the 2nd quarter worth about $317,000. Finally, First Trust Advisors LP raised its position in shares of ATI by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after acquiring an additional 9,234 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ATI shares. 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 report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 price objective on shares of ATI in a research report on Friday, May 1st. KeyCorp lifted their price objective on ATI from $167.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wells Fargo & Company started coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective for the company. Finally, Susquehanna lifted their price objective on ATI from $155.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $164.38.

ATI Stock Performance

Shares of ATI opened at $177.57 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. The stock has a 50-day moving average of $158.86 and a 200-day moving average of $138.29. The company has a market cap of $24.23 billion, a PE ratio of 58.80, a P/E/G ratio of 1.53 and a beta of 0.96. ATI Inc. has a one year low of $70.42 and a one year high of $183.30.

ATI (NYSE:ATI) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, equities research analysts predict that ATI Inc. will post 4.43 EPS for the current fiscal year.

ATI declared that its board has initiated a share repurchase plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer owned 218,014 shares in the company, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.98% of the company’s stock.

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.