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

Allspring Global Investments Holdings LLC cut its stake in shares of ATI Inc. (NYSE:ATI) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 603,707 shares of the basic materials company’s stock after selling 29,572 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ATI were worth $71,962,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in ATI by 642.9% in the 4th quarter. True Wealth Design LLC now owns 260 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 225 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of ATI by 2,010.0% during the third quarter. Meeder Asset Management Inc. now owns 422 shares of the basic materials company’s stock worth $34,000 after buying an additional 402 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new position in shares of ATI during the third quarter worth $34,000. Allworth Financial LP lifted its stake in shares of ATI by 50.8% in the 3rd quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 180 shares during the last quarter. Finally, ARK Investment Management LLC lifted its stake in shares of ATI by 378.7% in the 3rd quarter. ARK Investment Management LLC now owns 742 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 587 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ATI. KeyCorp began coverage on ATI in a research report on Wednesday, March 25th. They set an “overweight” rating and a $140.00 price objective on the stock. BTIG Research increased their target price on ATI from $120.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. boosted their price target on ATI from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat, ATI currently has an average rating of “Buy” and an average target price of $134.00.

Insider Activity at ATI

In related news, Director David J. Morehouse sold 6,609 shares of the company’s stock in a transaction that occurred 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 directly owned 38,168 shares in the company, valued at $5,887,414. This represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

ATI Stock Performance

Shares of ATI stock opened at $144.66 on Wednesday. The stock has a market cap of $19.74 billion, a price-to-earnings ratio of 50.94, a P/E/G ratio of 1.34 and a beta of 0.95. ATI Inc. has a twelve month low of $39.23 and a twelve month high of $168.14. The company’s fifty day moving average is $143.38 and its 200 day moving average is $114.65. The company has a quick ratio of 1.27, a current ratio of 2.66 and a debt-to-equity ratio of 0.90.

ATI (NYSE:ATI) last announced its 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 during the quarter, compared to analyst estimates of $1.18 billion. ATI had a return on equity of 24.26% and a net margin of 8.81%.ATI’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $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. Sell-side analysts forecast that ATI Inc. will post 2.89 EPS for the current year.

ATI declared that its Board of Directors has initiated a share buyback program on Thursday, February 19th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

About ATI

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.