Capital World Investors Has $844.15 Million Stock Holdings in ATI Inc. $ATI

Capital World Investors decreased its position in ATI Inc. (NYSE:ATI) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,355,793 shares of the basic materials company’s stock after selling 544,779 shares during the period. Capital World Investors owned about 5.41% of ATI worth $844,151,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ATI. Capital Research Global Investors increased its position in shares of ATI by 12.0% during the fourth quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock valued at $414,481,000 after purchasing an additional 386,754 shares during the period. Havemeyer Place LP bought a new position in ATI in the fourth quarter worth $1,564,000. Vestcor Inc bought a new position in ATI in the fourth quarter worth $244,000. Vise Technologies Inc. acquired a new stake in ATI during the fourth quarter worth $318,000. Finally, State of Wyoming boosted its stake in ATI by 249.0% during the fourth quarter. State of Wyoming now owns 5,218 shares of the basic materials company’s stock worth $599,000 after buying an additional 3,723 shares in the last quarter.

ATI Stock Up 0.1%

Shares of NYSE:ATI opened at $177.57 on Monday. The company’s fifty day moving average is $158.86 and its 200-day moving average is $138.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI Inc. has a 52 week low of $70.42 and a 52 week high of $183.30. The company has a market capitalization 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 (NYSE:ATI) last announced its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) 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 business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the company posted $0.72 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities research analysts predict that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ATI shares. JPMorgan Chase & Co. increased their price objective on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wells Fargo & Company began coverage on shares of ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price on the stock. KeyCorp increased their price target 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. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a report on Friday, May 22nd. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $164.38.

Insider Buying and Selling at ATI

In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.