Teacher Retirement System of Texas Reduces Holdings in ATI Inc. $ATI

Key Points

• Teacher Retirement System of Texas cut its stake in ATI by 38.8% in Q4, selling 12,835 shares and leaving it with 20,214 shares valued at about $2.32 million.
• ATI's board authorized a $500 million share buyback (about 2.5% of shares) and provided FY2026 guidance of 3.99–4.27 EPS (Q1 0.83–0.89) after reporting Q4 EPS of $0.93, slightly above estimates.
• Analysts are broadly positive—the consensus rating is Buy with an average price target of $152.88 and recent upgrades (KeyCorp $167, BTIG $165); ATI shares trade around $153 with a market cap near $20.9 billion.

Teacher Retirement System of Texas reduced its stake in shares of ATI Inc. (NYSE:ATI - Free Report) by 38.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,214 shares of the basic materials company's stock after selling 12,835 shares during the period. Teacher Retirement System of Texas' holdings in ATI were worth $2,320,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC increased its position in ATI by 642.9% during the fourth quarter. True Wealth Design LLC now owns 260 shares of the basic materials company's stock worth $30,000 after buying an additional 225 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new position in shares of ATI in the third quarter worth $34,000. Meeder Asset Management Inc. lifted its position in shares of ATI by 2,010.0% in the third 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 boosted its stake in shares of ATI by 50.8% during the third 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 during the last quarter. Finally, ARK Investment Management LLC boosted its stake in shares of ATI by 378.7% during the third 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 during the last quarter.

Insider Activity

In related news, Director David J. Morehouse sold 6,609 shares of the business's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $154.25, for a total value of $1,019,438.25. Following the completion of the sale, the director directly owned 38,168 shares in the company, valued at approximately $5,887,414. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.98% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BTIG Research boosted their target price 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. Alembic Global Advisors initiated coverage on shares of ATI in a research note on Thursday, January 15th. They set an "overweight" rating and a $141.00 price target on the stock. KeyCorp lifted their price target on shares of ATI from $140.00 to $167.00 and gave the stock an "overweight" rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $150.00 price objective on shares of ATI in a research report on Wednesday, February 4th. Finally, Zacks Research lowered shares of ATI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $152.88.

ATI Stock Performance

ATI stock opened at $153.45 on Tuesday. The stock has a fifty day moving average price of $153.41 and a 200 day moving average price of $124.71. ATI Inc. has a 52 week low of $51.80 and a 52 week high of $168.14. The firm has a market capitalization of $20.94 billion, a P/E ratio of 54.03, a PEG ratio of 1.53 and a beta of 1.00. 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 (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. ATI had a return on equity of 24.26% and a net margin of 8.81%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $0.79 EPS. The firm's quarterly 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. Equities research analysts anticipate that ATI Inc. will post 4.18 earnings per share for the current year.

ATI announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 19th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

ATI Company 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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