Invesco Ltd. Buys 167,701 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Invesco Ltd. lifted its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 43.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 549,829 shares of the company's stock after purchasing an additional 167,701 shares during the quarter. Invesco Ltd. owned about 0.50% of Atlas Energy Solutions worth $12,195,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Atlas Energy Solutions by 62.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock valued at $30,000 after buying an additional 523 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after purchasing an additional 1,276 shares during the period. Promus Capital LLC acquired a new stake in Atlas Energy Solutions during the fourth quarter worth about $55,000. FMR LLC boosted its holdings in shares of Atlas Energy Solutions by 101.0% during the third quarter. FMR LLC now owns 2,696 shares of the company's stock valued at $59,000 after acquiring an additional 1,355 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $155,000. Institutional investors and hedge funds own 34.59% of the company's stock.

Atlas Energy Solutions Price Performance

NYSE AESI traded up $0.38 on Thursday, hitting $14.15. 1,067,388 shares of the company were exchanged, compared to its average volume of 1,249,568. Atlas Energy Solutions Inc. has a 1-year low of $12.41 and a 1-year high of $26.86. The firm has a 50 day moving average of $16.94 and a two-hundred day moving average of $20.25. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.72 billion, a P/E ratio of 17.91 and a beta of 1.20.

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

Atlas Energy Solutions Increases Dividend

The firm 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 was Friday, February 21st. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 7.07%. Atlas Energy Solutions's dividend payout ratio is presently 178.57%.

Insider Activity

In other news, major shareholder Gregory M. Shepard purchased 32,155 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $19.04 per share, with a total value of $612,231.20. Following the acquisition, the insider now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the firm's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $24.46, for a total value of $305,750.00. Following the sale, the insider now directly owns 362,010 shares in the company, valued at $8,854,764.60. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AESI. Bank of America restated a "neutral" rating and issued a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Raymond James cut shares of Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, January 6th. Barclays cut their price objective on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group lowered their target price on shares of Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.44.

Atlas Energy Solutions 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.