Bank of Nova Scotia Adds $45M in ATI Inc. ($ATI)
The bank nearly doubled its holdings in ATI Inc., reflecting a major investment move.
Key Points
- Bank of Nova Scotia increased its holdings in ATI Inc. by 92.9%, adding 224,949 shares to reach a total of 467,149 shares valued at $93.2 million.
- ATI Inc. shares traded near $199.50 on Friday, with a market cap of $27.23 billion and a P/E ratio of 65.8.
- Insider transactions showed planned sales by CEO Kimberly Fields, while analysts maintained strong buy ratings with price targets between $150 and $185.
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Bank of Nova Scotia has significantly boosted its stake in ATI Inc. (NYSE:ATI), adding 224,949 shares, which brings its total holdings to 467,149 shares. This move represents a 92.9% increase in its position, with the value of the stake now approximately $93.2 million, according to the latest Form 13F filing with the SEC.
Bank of Nova Scotia vs. the S&P 500
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What Changed in Bank of Nova Scotia's ATI Inc. Position
Bank of Nova Scotia's decision to increase its position in ATI Inc. by 92.9% is notable. The bank previously held 242,200 shares and has now raised its total to 467,149 shares. The reported value of this enlarged position stands at about $93.2 million as of the filing date.
Other Institutional Activity in ATI Inc.
Other institutional investors also made moves in ATI Inc. BlackRock, Inc. grew its holdings by 1,774,883 shares, ending with 16,441,653 shares worth about $2.39 billion, reflecting a 12.1% increase. Capital Research Global Investors added 2,548,383 shares, reaching 6,160,107 shares valued at approximately $895.96 million, a 70.6% increase. Vanguard Capital Management LLC opened a new position with 6,124,128 shares valued at $890.82 million. On the other hand, Capital International Investors reduced its stake by 11,211,854 shares, leaving it with 5,883,949 shares worth roughly $854.87 million, marking a 65.6% decrease.
ATI Inc. Stock Down 5.3%
Shares of NYSE:ATI traded near $199.50 on Friday. ATI Inc. has a market cap of $27.23 billion and a P/E ratio of 65.8. The stock's 52-week range is between $70.42 and $205.31. It has a 50-day moving average of $170.39 and a 200-day moving average of $129.52. The company maintains a current ratio of 2.67 and a quick ratio of 1.08, with a debt-to-equity ratio of 96.9.
$ATI stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
ATI Inc. reported revenue of $4.59 billion with a modest growth of 0.6%. Its net margin stood at 9.26% with a return on equity of 22.67%. The company earned $3.03 per share. The next earnings report is expected on July 28, 2026.
Insider Buying and Selling at ATI Inc.
Several insider transactions were reported at ATI Inc. CEO Kimberly Fields sold shares on multiple dates in June 2026 under a Rule 10b5-1 plan, with transactions including 3,783 shares at $197.21 each and 13,269 shares at $202.48. Leroy Ball and Herbert Carlisle each bought 905 shares on May 19, 2026, without planned sales.
Analysts Set New Price Targets
On May 4, 2026, Keybanc maintained its buy rating with a price target of $175. JP Morgan also maintained a buy rating with the same target on May 1, 2026. BTIG kept its buy rating and set a target of $180 on the same day. The consensus among analysts is a strong buy, with an average target price of $181.56, based on nine opinions.
About ATI Inc.
ATI Inc. is a Dallas-based company in the industrial sector, specializing in metal fabrication. It produces and sells specialty materials and complex components across two segments: High Performance Materials & Components and Advanced Alloys & Solutions. The company's offerings include titanium and nickel-based alloys, among others, serving industries like aerospace, defense, and medical. ATI Inc., led by CEO Kimberly A. Fields, employs around 7,600 people.
Bottom Line
Bank of Nova Scotia's significant increase in its ATI Inc. holdings highlights its confidence in the company's potential. These filings provide a snapshot of past positions and might not reflect current holdings. Investors watch such moves to gauge institutional sentiment and market trends.
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