Allspring Global Investments Holdings LLC Sells 29,572 Shares of ATI Inc. $ATI

Allspring Global Investments Holdings LLC decreased its position in ATI Inc. (NYSE:ATI) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 603,707 shares of the basic materials company’s stock after selling 29,572 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.44% of ATI worth $71,962,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. AA Financial Advisors LLC bought a new position in ATI during the 4th quarter worth $233,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of ATI by 65.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 25,214 shares of the basic materials company’s stock valued at $2,894,000 after acquiring an additional 10,004 shares during the period. Waldron Private Wealth LLC grew its stake in shares of ATI by 4.2% in the fourth quarter. Waldron Private Wealth LLC now owns 9,903 shares of the basic materials company’s stock valued at $1,136,000 after acquiring an additional 400 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in ATI during the fourth quarter worth about $378,000. Finally, Mayflower Financial Advisors LLC raised its stake in ATI by 24.7% in the 4th quarter. Mayflower Financial Advisors LLC now owns 4,975 shares of the basic materials company’s stock worth $571,000 after purchasing an additional 985 shares in the last quarter.

Analyst Upgrades and Downgrades

ATI has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their price target on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. BTIG Research boosted their price target on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Alembic Global Advisors started coverage on ATI in a research report on Thursday, January 15th. They set an “overweight” rating and a $141.00 price target on the stock. Finally, Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $134.00.

ATI Price Performance

Shares of NYSE:ATI opened at $144.66 on Wednesday. The firm has a 50 day moving average of $143.38 and a 200-day moving average of $114.65. The stock has a market capitalization of $19.74 billion, a PE ratio of 50.94, a PEG ratio of 1.34 and a beta of 0.95. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. ATI Inc. has a 12 month low of $39.23 and a 12 month high of $168.14.

ATI (NYSE:ATI) last posted its quarterly earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. ATI had a net margin of 8.81% and a return on equity of 24.26%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, equities research analysts predict that ATI Inc. will post 2.89 EPS for the current fiscal year.

ATI announced that its board has authorized a stock repurchase plan on Thursday, February 19th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at ATI

In other ATI news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $154.25, for a total value of $1,019,438.25. Following the sale, the director owned 38,168 shares of the company’s stock, valued at approximately $5,887,414. This trade represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.