Barrow Hanley Mewhinney & Strauss LLC Lowers Stock Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,859,476 shares of the company's stock after selling 122,710 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.59% of Atlas Energy Solutions worth $63,423,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in Atlas Energy Solutions in the 3rd quarter valued at approximately $48,000. Intech Investment Management LLC bought a new stake in shares of Atlas Energy Solutions in the third quarter worth $323,000. Charles Schwab Investment Management Inc. boosted its holdings in Atlas Energy Solutions by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company's stock worth $11,305,000 after purchasing an additional 25,999 shares during the last quarter. FMR LLC grew its position in Atlas Energy Solutions by 101.0% in the third quarter. FMR LLC now owns 2,696 shares of the company's stock valued at $59,000 after purchasing an additional 1,355 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Atlas Energy Solutions by 69.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,438 shares of the company's stock valued at $751,000 after buying an additional 14,093 shares during the last quarter. Institutional investors own 34.59% of the company's stock.

Wall Street Analyst Weigh In

AESI has been the subject of several analyst reports. Barclays decreased their price objective on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Bank of America reiterated a "neutral" rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Royal Bank of Canada restated an "outperform" rating and set a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday. Raymond James cut shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, Benchmark lowered their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.83.

Remove Ads

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard acquired 32,155 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the acquisition, the insider now owns 7,651,210 shares of the company's stock, valued at approximately $145,679,038.40. This represents a 0.42 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions 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 directly owns 362,010 shares in the company, valued at $8,854,764.60. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $1,049,750 in the last 90 days. Insiders own 24.34% of the company's stock.

Atlas Energy Solutions Stock Down 12.6 %

NYSE AESI traded down $2.32 during trading hours on Thursday, hitting $16.08. The company's stock had a trading volume of 811,265 shares, compared to its average volume of 1,163,557. The company has a market capitalization of $1.96 billion, a PE ratio of 20.35 and a beta of 1.18. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 52 week low of $16.05 and a 52 week high of $26.86. The company's 50-day simple moving average is $20.13 and its two-hundred day simple moving average is $21.27.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). The company had revenue of $271.34 million during the quarter, compared to analysts' expectations of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. Research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given 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 6.22%. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's dividend payout ratio (DPR) is currently 178.57%.

About Atlas Energy Solutions

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.