Bank of New York Mellon Corp Has $77.04 Million Holdings in ATI Inc. $ATI

Bank of New York Mellon Corp decreased its holdings in ATI Inc. (NYSE:ATI) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 892,300 shares of the basic materials company’s stock after selling 9,900 shares during the quarter. Bank of New York Mellon Corp’s holdings in ATI were worth $77,041,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ATI. Signaturefd LLC raised its stake in shares of ATI by 117.7% in the second quarter. Signaturefd LLC now owns 381 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 206 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in ATI by 79.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock valued at $33,000 after buying an additional 171 shares during the last quarter. WPG Advisers LLC bought a new position in ATI during the 1st quarter valued at $29,000. Headlands Technologies LLC purchased a new stake in shares of ATI in the first quarter valued at about $47,000. Finally, Fifth Third Bancorp lifted its position in shares of ATI by 11.4% during the second quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 128 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ATI. Barclays upped their price objective on shares of ATI from $75.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on ATI from $75.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a research report on Wednesday, October 8th. Finally, Susquehanna upped their price objective on ATI from $100.00 to $120.00 and gave the company a “positive” rating in a research note on Wednesday, October 29th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.71.

Insider Transactions at ATI

In other ATI news, VP Timothy J. Harris sold 10,543 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $96.07, for a total transaction of $1,012,866.01. Following the completion of the transaction, the vice president owned 129,937 shares in the company, valued at $12,483,047.59. This trade represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kimberly A. Fields sold 21,154 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $82.03, for a total transaction of $1,735,262.62. Following the completion of the sale, the chief executive officer directly owned 223,821 shares in the company, valued at approximately $18,360,036.63. This trade represents a 8.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 89,103 shares of company stock valued at $7,431,946 in the last quarter. Company insiders own 1.10% of the company’s stock.

ATI Stock Performance

NYSE:ATI opened at $97.61 on Friday. The company has a market capitalization of $13.26 billion, a P/E ratio of 31.59, a P/E/G ratio of 1.47 and a beta of 1.32. The business has a fifty day simple moving average of $83.98 and a two-hundred day simple moving average of $80.63. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.50 and a quick ratio of 1.20. ATI Inc. has a 1 year low of $39.23 and a 1 year high of $103.64.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, October 28th. The basic materials company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.10. ATI had a return on equity of 23.34% and a net margin of 9.71%.The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. ATI has set its FY 2025 guidance at 3.150-3.21 EPS. Q4 2025 guidance at 0.840-0.90 EPS. On average, analysts expect that ATI Inc. will post 2.89 earnings per share for the current year.

ATI Profile

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.