Kovitz Investment Group Partners LLC Cuts Stock Position in ATI Inc. $ATI

Kovitz Investment Group Partners LLC cut its stake in ATI Inc. (NYSE:ATI) by 31.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,952 shares of the basic materials company’s stock after selling 9,027 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in ATI were worth $2,290,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC grew its holdings in shares of ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock worth $30,000 after buying an additional 225 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new position in ATI during the third quarter worth about $34,000. Torren Management LLC purchased a new stake in ATI during the 4th quarter valued at about $52,000. Allworth Financial LP raised its holdings in ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 180 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its stake in ATI by 137.3% in the 4th quarter. Clearstead Advisors LLC now owns 598 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 346 shares in the last quarter.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total value of $10,699,253.43. Following the sale, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ATI shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $194.00 price target on shares of ATI in a research report on Friday, May 1st. Wells Fargo & Company started coverage on ATI in a research report on Wednesday, April 1st. They set an “overweight” rating and a $175.00 price objective on the stock. BTIG Research boosted 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. Wall Street Zen cut ATI from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Zacks Research cut ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $164.38.

ATI Trading Down 0.0%

Shares of ATI stock opened at $201.31 on Friday. 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 firm has a market cap of $27.47 billion, a PE ratio of 66.66, a price-to-earnings-growth ratio of 1.73 and a beta of 0.96. The company has a 50-day moving average of $168.39 and a two-hundred day moving average of $144.68. ATI Inc. has a 1-year low of $70.42 and a 1-year high of $203.60.

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. ATI had a net margin of 9.26% and a return on equity of 26.44%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue 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. On average, analysts predict that ATI Inc. will post 4.43 EPS for the current year.

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.