Allspring Global Investments Holdings LLC Reduces Stock Holdings in ATI Inc. $ATI

Allspring Global Investments Holdings LLC trimmed its position in shares of ATI Inc. (NYSE:ATI) by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,246 shares of the basic materials company’s stock after selling 83,461 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.38% of ATI worth $78,687,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. D.A. Davidson & CO. grew its position in shares of ATI by 29.9% during the first quarter. D.A. Davidson & CO. now owns 9,355 shares of the basic materials company’s stock worth $1,361,000 after acquiring an additional 2,153 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of ATI during the first quarter valued at $1,106,000. Sigma Planning Corp bought a new stake in shares of ATI during the first quarter valued at about $1,530,000. Avantax Planning Partners Inc. acquired a new stake in ATI in the first quarter worth approximately $244,000. Finally, Archer Investment Corp acquired a new stake in ATI in the first quarter worth approximately $220,000.

ATI Stock Up 0.1%

NYSE:ATI opened at $185.77 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. ATI Inc. has a 12-month low of $70.42 and a 12-month high of $205.31. The firm has a market capitalization of $25.35 billion, a P/E ratio of 61.51, a P/E/G ratio of 1.48 and a beta of 0.96. The stock’s fifty day simple moving average is $181.89 and its 200-day simple moving average is $156.44.

ATI (NYSE:ATI) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating 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 company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business posted $0.72 EPS. ATI’s revenue was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities research analysts expect that ATI Inc. will post 4.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATI has been the topic of a number of recent research reports. BTIG Research lifted their target price on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company assumed coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. KeyCorp lifted their target price on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, TD Cowen raised their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $176.78.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction on Tuesday, July 7th. The shares were 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 in the company, valued at approximately $28,775,584.11. This trade represents a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 160,442 shares of company stock valued at $28,535,831 over the last ninety days. 0.98% of the stock is currently owned by corporate insiders.

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.