ATI Inc. $ATI Position Cut by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank trimmed its stake in ATI by 33.3% in Q4, selling 21,949 shares and leaving 43,912 shares valued at about $5.04 million.
• ATI beat quarterly EPS ( $0.93 vs. $0.89), issued FY2026 guidance of $3.99–$4.27, and authorized a $500 million share buyback (≈2.5% of outstanding stock).
• Several large institutions (Capital International, Capital World, State Street) materially increased holdings, and analysts remain mostly bullish with an average "Buy" rating and a consensus target of $152.88 (top targets as high as $185).

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in ATI Inc. (NYSE:ATI - Free Report) by 33.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 43,912 shares of the basic materials company's stock after selling 21,949 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in ATI were worth $5,039,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors lifted 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 buying an additional 436,131 shares during the last quarter. Capital World Investors lifted its stake in ATI by 15.8% in the third quarter. Capital World Investors now owns 7,900,572 shares of the basic materials company's stock valued at $642,633,000 after buying an additional 1,080,201 shares during the last quarter. State Street Corp raised its stake in shares of ATI by 7.4% during the third quarter. State Street Corp now owns 6,042,244 shares of the basic materials company's stock valued at $491,476,000 after purchasing an additional 415,479 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ATI by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,142,000 shares of the basic materials company's stock valued at $174,210,000 after purchasing an additional 142,696 shares in the last quarter. Finally, Holocene Advisors LP raised its stake in shares of ATI by 153.7% during the third quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company's stock valued at $124,785,000 after purchasing an additional 929,333 shares in the last quarter.

ATI Trading Up 0.2%

Shares of ATI opened at $154.33 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. ATI Inc. has a 1-year low of $51.80 and a 1-year high of $168.14. The business's 50-day moving average price is $153.22 and its 200 day moving average price is $123.65. The stock has a market capitalization of $21.06 billion, a P/E ratio of 54.34, a P/E/G ratio of 1.53 and a beta of 1.00.

ATI (NYSE:ATI - Get Free Report) last released its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The business's revenue for the quarter was up .4% on a year-over-year basis. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. Analysts expect that ATI Inc. will post 4.18 earnings per share for the current year.

ATI declared that its board has authorized a stock buyback plan on Thursday, February 19th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other ATI news, Director David J. Morehouse sold 6,609 shares of ATI stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the transaction, the director owned 38,168 shares of the company's stock, valued at $5,887,414. The trade was a 14.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.98% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ATI has been the topic of a number of recent analyst reports. Susquehanna lifted their price objective on shares of ATI from $155.00 to $185.00 and gave the company a "positive" rating in a research note on Friday, April 10th. BTIG Research lifted their price objective on shares of ATI from $120.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. Wells Fargo & Company initiated coverage on shares of ATI in a research note on Wednesday, April 1st. They set an "overweight" rating and a $175.00 price objective on the stock. KeyCorp lifted their price objective on shares of ATI from $140.00 to $167.00 and gave the company an "overweight" rating in a research note on Thursday, April 9th. Finally, Zacks Research cut shares of ATI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, ATI currently has an average rating of "Buy" and a consensus target price of $152.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.