Graphene Investments SAS Sells 12,000 Shares of ATI Inc. $ATI

Graphene Investments SAS lowered its stake in shares of ATI Inc. (NYSE:ATI – Free Report) by 29.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,400 shares of the basic materials company’s stock after selling 12,000 shares during the quarter. ATI comprises approximately 2.0% of Graphene Investments SAS’s investment portfolio, making the stock its 26th largest position. Graphene Investments SAS’s holdings in ATI were worth $3,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC lifted its stake in ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 225 shares in the last quarter. Prestige Wealth Management Group LLC bought a new stake in ATI in the 3rd quarter valued at approximately $34,000. Meeder Asset Management Inc. lifted its stake in ATI by 2,010.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 402 shares in the last quarter. Allworth Financial LP lifted its stake 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 in the last quarter. Finally, ARK Investment Management LLC lifted its stake in ATI by 378.7% in the 3rd quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 587 shares in the last quarter.

ATI Stock Up 5.7%

ATI stock opened at $164.64 on Friday. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $22.47 billion, a PE ratio of 57.97, a PEG ratio of 1.54 and a beta of 1.00. ATI Inc. has a 1-year low of $43.96 and a 1-year high of $168.14. The business’s 50 day simple moving average is $151.41 and its 200 day simple moving average is $121.34.

ATI (NYSE:ATI – Get Free Report) last posted its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. As a group, research analysts anticipate that ATI Inc. will post 2.89 EPS for the current year.

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

Insider Buying and Selling

In other ATI news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 38,168 shares of the company’s stock, valued at $5,887,414. This represents a 14.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ATI has been the topic of several research reports. KeyCorp boosted their target price on ATI from $140.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Wall Street Zen cut ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. JPMorgan Chase & Co. boosted their target price on ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. BTIG Research boosted their target price on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company began coverage on ATI in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $144.89.

Get Our Latest Stock Report on ATI

About ATI

(Free Report)

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.

Further Reading

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