Allspring Global Investments Holdings LLC Sells 175,568 Shares of ATI Inc. $ATI

Allspring Global Investments Holdings LLC lowered its stake in ATI Inc. (NYSE:ATI) by 21.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 629,361 shares of the basic materials company’s stock after selling 175,568 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.45% of ATI worth $52,797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its position in ATI by 11.4% in the second quarter. Fifth Third Bancorp now owns 1,252 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 128 shares in the last quarter. Farther Finance Advisors LLC grew its position in ATI by 10.9% in the second quarter. Farther Finance Advisors LLC now owns 1,459 shares of the basic materials company’s stock worth $126,000 after acquiring an additional 143 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in ATI by 79.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 386 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 171 shares in the last quarter. Evergreen Capital Management LLC grew its position in ATI by 2.3% in the first quarter. Evergreen Capital Management LLC now owns 7,931 shares of the basic materials company’s stock worth $413,000 after acquiring an additional 176 shares in the last quarter. Finally, UMB Bank n.a. grew its position in ATI by 12.2% in the second quarter. UMB Bank n.a. now owns 1,771 shares of the basic materials company’s stock worth $153,000 after acquiring an additional 192 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have issued reports on ATI. Deutsche Bank Aktiengesellschaft set a $98.00 target price on ATI in a research report on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of ATI in a research report on Wednesday, October 8th. Susquehanna dropped their target price on ATI from $105.00 to $100.00 and set a “positive” rating for the company in a research report on Friday, August 1st. Zacks Research upgraded ATI to a “hold” rating in a research report on Tuesday, August 12th. Finally, BTIG Research restated a “buy” rating and set a $120.00 target price on shares of ATI in a research report on Friday, September 12th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.86.

ATI Stock Performance

ATI stock opened at $84.76 on Wednesday. The company has a 50 day moving average price of $77.69 and a 200-day moving average price of $74.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.20 and a current ratio of 2.52. ATI Inc. has a fifty-two week low of $39.23 and a fifty-two week high of $96.20. The company has a market capitalization of $11.68 billion, a PE ratio of 29.43, a P/E/G ratio of 1.24 and a beta of 1.29.

ATI (NYSE:ATI) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. ATI had a net margin of 9.26% and a return on equity of 21.34%. ATI’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. ATI has set its FY 2025 guidance at 2.900-3.07 EPS. Q3 2025 guidance at 0.690-0.75 EPS. As a group, equities analysts forecast that ATI Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Kimberly A. Fields sold 21,154 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $82.03, for a total transaction of $1,735,262.62. Following the transaction, the chief executive officer directly owned 223,821 shares of the company’s stock, valued at approximately $18,360,036.63. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Robert S. Wetherbee sold 50,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $74.66, for a total value of $3,733,000.00. Following the transaction, the chairman directly owned 306,538 shares in the company, valued at approximately $22,886,127.08. The trade was a 14.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,307 shares of company stock valued at $8,934,571 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

About ATI

ATI Inc produces and sells specialty materials and complex components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, metallic powder alloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts.