Blair William & Co. IL Raises Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Blair William & Co. IL increased its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 79.3% in the 4th quarter, HoldingsChannel reports. The fund owned 21,700 shares of the company’s stock after purchasing an additional 9,600 shares during the period. Blair William & Co. IL’s holdings in Atlas Energy Solutions were worth $481,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. purchased a new stake in shares of Atlas Energy Solutions during the fourth quarter worth $1,366,000. Vanguard Group Inc. lifted its holdings in Atlas Energy Solutions by 12.6% during the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company’s stock worth $153,382,000 after purchasing an additional 773,035 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Atlas Energy Solutions in the 4th quarter worth about $155,000. Sei Investments Co. grew its holdings in Atlas Energy Solutions by 15.5% during the 4th quarter. Sei Investments Co. now owns 213,857 shares of the company’s stock valued at $4,744,000 after buying an additional 28,639 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Atlas Energy Solutions by 299.3% during the fourth quarter. American Century Companies Inc. now owns 276,865 shares of the company’s stock valued at $6,141,000 after buying an additional 207,523 shares during the period. 34.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Brian Anthony Leveille sold 12,500 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $24.46, for a total transaction of $305,750.00. Following the completion of the sale, the insider now owns 362,010 shares of the company’s stock, valued at approximately $8,854,764.60. This represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Gregory M. Shepard bought 32,155 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the purchase, the insider now owns 7,651,210 shares of the company’s stock, valued at $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 45,000 shares of company stock worth $1,049,750 in the last 90 days. 24.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Atlas Energy Solutions in a research note on Wednesday. Benchmark reduced their price target on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Stephens increased their price objective on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Barclays reduced their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, Piper Sandler started coverage on Atlas Energy Solutions in a report on Wednesday, March 12th. They issued an “overweight” rating and a $22.00 price target on the stock. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Atlas Energy Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.83.

Atlas Energy Solutions Trading Down 12.8 %

Shares of AESI stock opened at $13.79 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.68 billion, a P/E ratio of 17.46 and a beta of 1.18. The business has a 50-day moving average price of $19.76 and a two-hundred day moving average price of $21.18. Atlas Energy Solutions Inc. has a 12-month low of $13.14 and a 12-month high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last issued its earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The firm had revenue of $271.34 million during the quarter, compared to analysts’ expectations of $272.94 million. Equities analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 annualized dividend and a dividend yield of 7.25%. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 178.57%.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions Inc engages in the production, processing, and sale of mesh and sand that are used as a proppant during the well completion process in the Permian Basin of Texas and New Mexico. The company provides transportation and logistics, storage solutions, and contract labor services. It sells its products and services to oil and natural gas exploration and production companies, and oilfield services companies.