857,414 Shares in ATI Inc. $ATI Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new position in shares of ATI Inc. (NYSE:ATI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 857,414 shares of the basic materials company's stock, valued at approximately $168,996,000. Bank of New York Mellon Corp owned approximately 0.63% of ATI as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ATI. Royal Bank of Canada raised its stake in ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company's stock valued at $3,140,000 after purchasing an additional 4,542 shares during the period. Goldman Sachs Group Inc. raised its position in ATI by 49.4% during the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company's stock valued at $32,984,000 after buying an additional 209,480 shares during the period. Cetera Investment Advisers purchased a new stake in ATI in the 2nd quarter worth about $324,000. M&T Bank Corp purchased a new stake in ATI in the 2nd quarter worth about $317,000. Finally, First Trust Advisors LP boosted its position in ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company's stock worth $17,028,000 after acquiring an additional 9,234 shares during the period.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 24,845 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the transaction, the chief executive officer directly owned 100,719 shares in the company, valued at $23,285,225.61. The trade was a 19.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 177,044 shares of company stock valued at $33,976,616 in the last three months. 0.98% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of ATI from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Wall Street Zen raised shares of ATI from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of ATI from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, May 1st. KeyCorp upped their price target on shares of ATI from $211.00 to $258.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Finally, TD Cowen increased their price objective on ATI from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat.com, ATI has a consensus rating of "Buy" and a consensus price target of $232.00.

ATI Stock Performance

Shares of NYSE ATI opened at $206.84 on Monday. ATI Inc. has a 12 month low of $71.94 and a 12 month high of $243.57. The company has a market cap of $28.17 billion, a P/E ratio of 60.66, a P/E/G ratio of 1.25 and a beta of 0.98. The business's 50 day moving average is $200.19 and its two-hundred day moving average is $171.84. The company has a quick ratio of 1.14, a current ratio of 2.33 and a debt-to-equity ratio of 0.91.

ATI (NYSE:ATI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the business earned $0.74 earnings per share. ATI's revenue for the quarter was up 10.6% compared to the same quarter last year. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, equities analysts expect that ATI Inc. will post 5.15 EPS for the current year.

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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