Allspring Global Investments Holdings LLC Has $78.69 Million Stock Holdings in ATI Inc. $ATI

Allspring Global Investments Holdings LLC reduced its stake in ATI Inc. (NYSE:ATI) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 520,246 shares of the basic materials company’s stock after selling 83,461 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ATI were worth $78,687,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ATI. Royal Bank of Canada increased its position in ATI by 8.1% during the 1st quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock worth $3,140,000 after buying an additional 4,542 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of ATI by 49.4% during 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 during the period. Cetera Investment Advisers bought a new stake in shares of ATI during the 2nd quarter valued at $324,000. M&T Bank Corp acquired a new stake in shares of ATI during the 2nd quarter worth $317,000. Finally, First Trust Advisors LP grew its holdings in shares of ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after purchasing an additional 9,234 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on ATI. JPMorgan Chase & Co. boosted their price target on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Susquehanna upped their target price on ATI from $185.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 9th. Wall Street Zen cut ATI from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. BTIG Research raised their target price on ATI from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $176.78.

Insiders Place Their Bets

In other ATI news, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $182.91, for a total transaction of $7,316,400.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 160,442 shares of company stock worth $28,535,831. Company insiders own 0.98% of the company’s stock.

ATI Stock Performance

NYSE:ATI opened at $185.77 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $205.31. The company has a 50 day simple moving average of $181.89 and a two-hundred day simple moving average of $156.44. The company has a market capitalization of $25.35 billion, a PE ratio of 61.51, a P/E/G ratio of 1.48 and a beta of 0.96.

ATI (NYSE:ATI) last posted its quarterly earnings data 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 net margin of 9.26% and a return on equity of 26.44%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the firm posted $0.72 EPS. The company’s quarterly 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. Research analysts anticipate 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.