TD Asset Management Inc Invests $1.35 Million in ATI Inc. $ATI

Key Points

• TD Asset Management Inc. bought a new stake in ATI, acquiring 16,537 shares valued at approximately $1.345 million during the third quarter (Form 13F filing).
• ATI's board authorized a $500 million share repurchase program (about 2.5% of shares), a move that typically signals management believes the stock is undervalued.
• ATI beat quarterly EPS estimates with $0.93 vs. an expected $0.89, and provided FY2026 guidance of $3.99–$4.27 EPS and Q1 2026 guidance of $0.83–$0.89.

TD Asset Management Inc purchased a new stake in ATI Inc. (NYSE:ATI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,537 shares of the basic materials company's stock, valued at approximately $1,345,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ATI. Meeder Asset Management Inc. raised its holdings in shares of ATI by 2,010.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company's stock worth $34,000 after acquiring an additional 402 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of ATI by 56.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the basic materials company's stock valued at $62,000 after buying an additional 260 shares during the period. MAI Capital Management grew its stake in shares of ATI by 38.6% during the second quarter. MAI Capital Management now owns 869 shares of the basic materials company's stock worth $75,000 after purchasing an additional 242 shares in the last quarter. NewEdge Advisors LLC purchased a new position in ATI in the second quarter valued at approximately $75,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of ATI by 12.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company's stock worth $86,000 after purchasing an additional 118 shares during the last quarter.

ATI Price Performance

Shares of ATI stock opened at $153.57 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.66 and a quick ratio of 1.27. The stock's fifty day simple moving average is $133.65 and its 200 day simple moving average is $105.12. ATI Inc. has a one year low of $39.23 and a one year high of $168.14. The firm has a market cap of $21.03 billion, a price-to-earnings ratio of 54.07, a P/E/G ratio of 1.60 and a beta of 0.95.

ATI (NYSE:ATI - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.ATI's revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business 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. On average, analysts expect that ATI Inc. will post 2.89 earnings per share for the current fiscal year.

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

Insider Buying and Selling at ATI

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ATI. Wall Street Zen downgraded shares of ATI from a "buy" rating to a "hold" rating in a report on Sunday, February 15th. 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 report on Wednesday, January 14th. Zacks Research raised ATI from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 9th. BTIG Research lifted their price target on shares of ATI from $120.00 to $165.00 and gave the stock a "buy" rating in a research note on Wednesday, February 4th. Finally, Susquehanna set a $155.00 price target on shares of ATI in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company's stock. Based on data from MarketBeat, ATI has an average rating of "Buy" and an average price target of $133.00.

About ATI

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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