Praxis Investment Management Inc. Trims Position in ATI Inc. $ATI

Praxis Investment Management Inc. decreased its holdings in shares of ATI Inc. (NYSE:ATI) by 40.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,865 shares of the basic materials company’s stock after selling 3,255 shares during the quarter. Praxis Investment Management Inc.’s holdings in ATI were worth $708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors increased its stake in ATI by 2.6% in the third quarter. Capital International Investors now owns 17,147,559 shares of the basic materials company’s stock valued at $1,394,349,000 after purchasing an additional 436,131 shares during the last quarter. Capital World Investors boosted its stake in ATI by 15.8% in the 3rd quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company’s stock worth $642,633,000 after buying an additional 1,080,201 shares during the last quarter. State Street Corp grew its holdings in ATI by 7.4% in the 3rd quarter. State Street Corp now owns 6,042,244 shares of the basic materials company’s stock valued at $491,476,000 after buying an additional 415,479 shares during the period. Capital Research Global Investors grew its holdings in ATI by 12.0% in the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock valued at $414,481,000 after buying an additional 386,754 shares during the period. Finally, Invesco Ltd. grew its holdings in ATI by 7.4% in the 4th quarter. Invesco Ltd. now owns 3,384,924 shares of the basic materials company’s stock valued at $388,454,000 after buying an additional 233,010 shares during the period.

ATI Trading Down 0.0%

Shares of ATI stock opened at $188.03 on Monday. 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 Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $205.31. The firm’s 50 day moving average price is $175.53 and its two-hundred day moving average price is $151.54. The stock has a market cap of $25.66 billion, a price-to-earnings ratio of 62.26, a price-to-earnings-growth ratio of 1.61 and a beta of 0.96.

ATI (NYSE:ATI) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.12. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The business’s quarterly revenue 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, analysts anticipate that ATI Inc. will post 4.45 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Kimberly A. Fields sold 3,783 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $197.21, for a total value of $746,045.43. Following the completion of the sale, the chief executive officer directly owned 197,321 shares in the company, valued at approximately $38,913,674.41. This represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 120,442 shares of company stock worth $21,219,431. 0.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ATI shares. Weiss Ratings cut shares of ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. KeyCorp upped their price target on shares of ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. BTIG Research increased their price target on shares of 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 shares of ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price target on the stock. Finally, Wall Street Zen raised shares of ATI from a “hold” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, ATI currently has a consensus rating of “Buy” and a consensus price target of $168.88.

ATI 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.