Bank of New York Mellon Corp Has $126.43 Million Holdings in ATI Inc. $ATI

Bank of New York Mellon Corp lessened its holdings in ATI Inc. (NYSE:ATI) by 4.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 869,184 shares of the basic materials company’s stock after selling 43,690 shares during the period. Bank of New York Mellon Corp’s holdings in ATI were worth $126,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after buying an additional 4,542 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 worth $32,984,000 after buying an additional 209,480 shares during the last quarter. Cetera Investment Advisers bought a new position in ATI during the second quarter worth about $324,000. M&T Bank Corp acquired a new position in shares of ATI during the 2nd quarter worth about $317,000. Finally, First Trust Advisors LP grew its position in shares of 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 buying an additional 9,234 shares during the period.

Insider Buying and Selling

In other news, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $182.91, for a total transaction of $7,316,400.00. Following the completion of the transaction, the chief executive officer directly owned 157,321 shares in the company, valued at $28,775,584.11. This represents a 20.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 160,442 shares of company stock worth $28,535,831. Insiders own 0.98% of the company’s stock.

ATI Price Performance

NYSE ATI opened at $185.77 on Monday. The firm’s 50 day moving average is $181.89 and its 200-day moving average is $156.73. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $25.35 billion, a PE ratio of 61.51, a price-to-earnings-growth ratio of 1.48 and a beta of 0.96. ATI Inc. has a 12-month low of $70.42 and a 12-month high of $205.31.

ATI (NYSE:ATI) last announced 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 analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. 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 research analysts anticipate that ATI Inc. will post 4.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BTIG Research increased their price target on shares of ATI from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $194.00 price objective on shares of ATI in a research report on Friday, May 1st. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their target price on ATI from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, ATI presently has a consensus rating of “Buy” and an average target price of $176.78.

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.