Bank of Nova Scotia Buys 224,949 Shares of ATI Inc. $ATI

Bank of Nova Scotia boosted its position in ATI Inc. (NYSE:ATI) by 92.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 467,149 shares of the basic materials company’s stock after buying an additional 224,949 shares during the quarter. Bank of Nova Scotia’s holdings in ATI were worth $67,951,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ATI. Meeder Asset Management Inc. raised its stake in ATI by 2.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after purchasing an additional 74 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of ATI by 2.7% in the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after purchasing an additional 101 shares during the last quarter. Signature Equity Partners LLC increased its holdings in shares of ATI by 208.5% during the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after buying an additional 123 shares in the last quarter. Activest Wealth Management increased its holdings in ATI by 17.6% during the 4th quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock valued at $96,000 after purchasing an additional 125 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of ATI by 2.0% in the fourth quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock valued at $827,000 after buying an additional 140 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on ATI. Wells Fargo & Company initiated coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective on the stock. Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. KeyCorp lifted their price target on shares of ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Susquehanna lifted their target price on ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research report on Thursday, July 9th. Finally, TD Cowen increased their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $176.78.

Insider Buying and Selling at ATI

In related news, CEO Kimberly A. Fields sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $182.91, for a total value of $7,316,400.00. Following the sale, the chief executive officer directly owned 157,321 shares of the company’s stock, valued at $28,775,584.11. This trade represents a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders sold 160,442 shares of company stock worth $28,535,831. 0.98% of the stock is owned by corporate insiders.

ATI Price Performance

Shares of NYSE:ATI opened at $197.47 on Friday. The firm has a 50 day moving average of $185.32 and a 200-day moving average of $159.20. ATI Inc. has a 12 month low of $70.42 and a 12 month high of $205.31. The company has a current ratio of 2.67, a quick ratio of 1.17 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $26.95 billion, a PE ratio of 65.39, a PEG ratio of 1.59 and a beta of 0.96.

ATI (NYSE:ATI) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating 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 net margin of 9.26% and a return on equity of 26.44%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities research analysts predict that ATI Inc. will post 4.49 EPS for the current fiscal 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.