ATI Inc. $ATI Stock Bought by Allspring Global Investments Holdings LLC

Key Points

• Allspring increased its ATI stake 71.5% in the third quarter, buying 359,113 shares to hold 861,151 shares, valued at about $164.6 million.
• Analyst sentiment is broadly positive: ATI has a consensus Buy rating and a $222.22 price target, though one firm rated it Hold.
• ATI beat quarterly estimates, reporting EPS of $1.46 versus $1.37 expected and revenue of $1.42 billion, up 26.5% year over year. Insiders also sold 85,830 shares worth about $18 million over the past 90 days.

Allspring Global Investments Holdings LLC raised its holdings in ATI Inc. (NYSE:ATI - Free Report) by 71.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 861,151 shares of the basic materials company's stock after purchasing an additional 359,113 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.63% of ATI worth $164,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management increased its position in shares of ATI by 22.4% during the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company's stock worth $62,000 after purchasing an additional 58 shares during the last quarter. AlphaStar Capital Management LLC raised its holdings in ATI by 3.0% in the 3rd quarter. AlphaStar Capital Management LLC now owns 2,408 shares of the basic materials company's stock valued at $456,000 after buying an additional 70 shares during the period. Krilogy Financial LLC raised its holdings in ATI by 1.9% in the 3rd quarter. Krilogy Financial LLC now owns 3,773 shares of the basic materials company's stock valued at $709,000 after buying an additional 72 shares during the period. Meeder Asset Management Inc. lifted its position in ATI by 2.8% in the first quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company's stock valued at $401,000 after buying an additional 74 shares during the last quarter. Finally, Signaturefd LLC lifted its position in ATI by 11.8% in the third quarter. Signaturefd LLC now owns 702 shares of the basic materials company's stock valued at $133,000 after buying an additional 74 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ATI shares. Citigroup began coverage on shares of ATI in a research note on Thursday. They set a "buy" rating and a $229.00 target price for the company. TD Cowen boosted their price target on shares of ATI from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $262.00 price objective on shares of ATI in a report on Monday, August 10th. Weiss Ratings cut shares of ATI from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, October 29th. Finally, Wells Fargo & Company dropped their target price on shares of ATI from $275.00 to $240.00 and set an "overweight" rating for the company in a report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $222.22.

ATI Price Performance

ATI stock opened at $175.33 on Monday. The company has a current ratio of 2.77, a quick ratio of 1.27 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $23.81 billion, a PE ratio of 43.83, a P/E/G ratio of 1.02 and a beta of 1.09. ATI Inc. has a 12-month low of $93.11 and a 12-month high of $243.57. The business's fifty day moving average price is $186.77 and its 200 day moving average price is $174.27.

ATI (NYSE:ATI - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.09. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.32 billion. ATI had a net margin of 11.08% and a return on equity of 32.30%. The business's revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, sell-side analysts anticipate that ATI Inc. will post 5.23 EPS for the current year.

Insider Buying and Selling

In other ATI news, CEO Kimberly A. Fields sold 24,845 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $231.19, for a total value of $5,743,915.55. Following the completion of the transaction, the chief executive officer owned 100,719 shares of the company's stock, valued at $23,285,225.61. This trade represents a 19.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Timothy J. Harris sold 9,000 shares of the business's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $191.82, for a total transaction of $1,726,380.00. Following the completion of the transaction, the vice president owned 88,187 shares of the company's stock, valued at approximately $16,916,030.34. This trade represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 85,830 shares of company stock valued at $18,046,361 in the last ninety days. Company insiders own 0.98% of the company's stock.

ATI News Summary

Here are the key news stories impacting ATI this week:

• Positive Sentiment: Recent coverage points to strong earnings and higher estimates as support for ATI shares. In its latest reported quarter, ATI beat analyst expectations with EPS of $1.46 versus $1.37 and revenue of $1.42 billion versus $1.32 billion; revenue rose 26.5% year over year. ATI Stock Gets A Lift From Strong Earnings And Higher Estimates
• Positive Sentiment: Analyst views are bullish: Citigroup initiated coverage with a Buy rating and a $229 target, while KeyCorp maintained an Overweight rating and a $228 target. KeyCorp also forecasts EPS growth from $5.29 in FY2026 to $6.50 in FY2027, above the cited current-year consensus of about $5.20. Citigroup recommendations KeyCorp Comments on ATI's Q4 Earnings
• Positive Sentiment: ATI’s strong cash-flow growth, higher EBITDA guidance and disciplined buybacks could support debt reduction and shareholder returns. Can ATI Leverage Strong Cash Generation to Strengthen Returns?
• Neutral Sentiment: A Seeking Alpha article titled “ATI: Flying Too Close To The Sun” signals a cautious view, though the provided headline does not specify its supporting arguments. ATI: Flying Too Close To The Sun
• Neutral Sentiment: The U.S. sale clearance for Sherpa robots concerns ATI Robotics, not ATI Inc., and does not appear to be a direct catalyst for ATI shares. ATI Robotics products cleared for continued U.S. sale

ATI Company Profile

ATI Inc produces specialty materials and components for aerospace and defense, energy, medical, and other industrial markets. Its materials include titanium and titanium alloys, nickel- and cobalt-based alloys, specialty stainless steels, and other engineered metals designed for demanding applications.

The company makes products such as sheet, plate, strip, and bar, along with precision forgings, castings, and engineered components. ATI serves customers worldwide through manufacturing and distribution operations in North America and other regions.

ATI was formed in 1996 as Allegheny Technologies Incorporated through the combination of Allegheny Ludlum and Teledyne's specialty metals businesses.

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