Barrow Hanley Mewhinney & Strauss LLC Sells 54,541 Shares of ATI Inc. $ATI

Key Points

• Barrow Hanley Mewhinney & Strauss LLC cut its ATI stake by 5.6%, selling 54,541 shares and leaving the firm with 922,730 shares worth about $75.06 million.
• Chairman Robert S. Wetherbee sold 53,862 shares at an average $109.48 for roughly $5.90 million, reducing his ownership by 28.87% to 132,676 shares.
• ATI approved a $500 million share buyback (up to 2.5% of shares) and faces mostly bullish analyst action—consensus rating "Buy" with an average target of $133 and several firms lifting targets (e.g., BTIG $165, JPMorgan $150).

Barrow Hanley Mewhinney & Strauss LLC decreased its position in ATI Inc. (NYSE:ATI - Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 922,730 shares of the basic materials company's stock after selling 54,541 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.68% of ATI worth $75,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. bought a new position in shares of ATI in the third quarter worth $3,664,000. Channing Capital Management LLC grew its position in shares of ATI by 34.2% in the third quarter. Channing Capital Management LLC now owns 1,109,160 shares of the basic materials company's stock valued at $90,219,000 after purchasing an additional 282,529 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of ATI by 27.4% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 39,682 shares of the basic materials company's stock valued at $3,228,000 after purchasing an additional 8,532 shares during the period. Intech Investment Management LLC lifted its holdings in ATI by 96.6% during the 3rd quarter. Intech Investment Management LLC now owns 52,090 shares of the basic materials company's stock worth $4,237,000 after purchasing an additional 25,590 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in ATI by 108.9% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 373,083 shares of the basic materials company's stock worth $32,212,000 after purchasing an additional 194,518 shares in the last quarter.

Insider Activity at ATI

In related news, Chairman Robert S. Wetherbee sold 53,862 shares of the company's stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $109.48, for a total transaction of $5,896,811.76. Following the completion of the transaction, the chairman owned 132,676 shares in the company, valued at $14,525,368.48. This represents a 28.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of ATI in a report on Monday, December 29th. BTIG Research upped their target price on shares of ATI from $120.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, February 4th. KeyCorp increased their target price on shares of ATI from $120.00 to $132.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 14th. Zacks Research raised shares of ATI from a "hold" rating to a "strong-buy" rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. boosted their price target on shares of ATI from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to MarketBeat, ATI currently has a consensus rating of "Buy" and an average price target of $133.00.

ATI Trading Up 1.5%

Shares of ATI stock opened at $159.06 on Wednesday. The business has a 50-day moving average of $135.98 and a 200 day moving average of $107.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. ATI Inc. has a 1-year low of $39.23 and a 1-year high of $168.14. The stock has a market capitalization of $21.78 billion, a PE ratio of 56.01, a P/E/G ratio of 1.55 and a beta of 0.95.

ATI (NYSE:ATI - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the business earned $0.79 earnings per share. The business's revenue 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. As a group, sell-side analysts anticipate that ATI Inc. will post 2.89 earnings per share for the current year.

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

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.

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