Bank of New York Mellon Corp Has $104.76 Million Holdings in ATI Inc. $ATI

Bank of New York Mellon Corp trimmed its holdings in ATI Inc. (NYSE:ATI) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 912,874 shares of the basic materials company’s stock after selling 5,048 shares during the quarter. Bank of New York Mellon Corp’s holdings in ATI were worth $104,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in ATI during the 4th quarter valued at $198,787,000. Capital World Investors lifted its stake in shares of 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 period. Holocene Advisors LP grew its position in ATI by 153.7% during the third quarter. Holocene Advisors LP now owns 1,534,114 shares of the basic materials company’s stock worth $124,785,000 after buying an additional 929,333 shares in the last quarter. UBS Group AG increased its stake in ATI by 143.3% during the fourth quarter. UBS Group AG now owns 1,193,129 shares of the basic materials company’s stock valued at $136,923,000 after acquiring an additional 702,656 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in ATI by 552.7% during the second quarter. BNP Paribas Financial Markets now owns 720,224 shares of the basic materials company’s stock valued at $62,184,000 after acquiring an additional 609,874 shares during the period.

Insider Transactions at ATI

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. This trade represents a 21.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.98% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ATI has been the subject of a number of research reports. Wells Fargo & Company began coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective for the company. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Friday, May 22nd. BTIG Research upped their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their target price on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Zacks Research lowered shares of ATI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, ATI presently has an average rating of “Buy” and an average target price of $164.38.

ATI Stock Up 0.1%

NYSE ATI opened at $177.57 on Monday. ATI Inc. has a 1-year low of $70.42 and a 1-year high of $183.30. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.53 and a beta of 0.96. The stock’s 50 day moving average is $158.86 and its two-hundred day moving average is $138.29. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95.

ATI (NYSE:ATI) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.19 billion. ATI had a return on equity of 26.44% and a net margin of 9.26%.ATI’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities analysts forecast that ATI Inc. will post 4.43 earnings per share for the current fiscal year.

ATI announced that its Board of Directors has initiated a share repurchase program on Thursday, February 19th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is 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.