ATI Inc. $ATI Position Cut by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. trimmed its position in shares of ATI Inc. (NYSE:ATI) by 11.4% during the first quarter, Holdings Channel reports. The firm owned 1,043,105 shares of the basic materials company’s stock after selling 134,600 shares during the quarter. ATI makes up approximately 3.7% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 2nd biggest holding. Bowen Hanes & Co. Inc.’s holdings in ATI were worth $151,730,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 9th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. BTIG Research boosted their price target on shares of ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. KeyCorp increased their price objective on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, Wells Fargo & Company initiated coverage on ATI in a report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $176.78.

Insider Activity

In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 160,442 shares of company stock worth $28,535,831 in the last 90 days. Company insiders own 0.98% of the company’s stock.

ATI Stock Performance

NYSE ATI opened at $199.79 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $205.31. The company has a market capitalization of $27.27 billion, a PE ratio of 66.16, a P/E/G ratio of 1.56 and a beta of 0.96. The company has a fifty day moving average of $184.46 and a two-hundred day moving average of $158.93.

ATI (NYSE:ATI) last posted its earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. As a group, analysts expect that ATI Inc. will post 4.49 earnings per share for the current year.

ATI 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.