Copeland Capital Management LLC Raises Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Copeland Capital Management LLC boosted its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 19.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,884,032 shares of the company's stock after purchasing an additional 311,228 shares during the quarter. Copeland Capital Management LLC owned about 1.88% of Atlas Energy Solutions worth $41,072,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beck Capital Management LLC raised its holdings in Atlas Energy Solutions by 0.6% in the 2nd quarter. Beck Capital Management LLC now owns 130,588 shares of the company's stock valued at $2,603,000 after acquiring an additional 749 shares in the last quarter. CWM LLC raised its stake in Atlas Energy Solutions by 47.1% in the third quarter. CWM LLC now owns 2,766 shares of the company's stock valued at $60,000 after purchasing an additional 886 shares in the last quarter. Cetera Investment Advisers lifted its position in Atlas Energy Solutions by 1.0% during the second quarter. Cetera Investment Advisers now owns 88,654 shares of the company's stock worth $1,767,000 after purchasing an additional 897 shares during the period. First Horizon Advisors Inc. grew its stake in Atlas Energy Solutions by 313.7% during the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company's stock worth $34,000 after buying an additional 1,308 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Atlas Energy Solutions by 328.1% during the 2nd quarter. Amalgamated Bank now owns 2,350 shares of the company's stock worth $47,000 after acquiring an additional 1,801 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AESI has been the subject of several research analyst reports. The Goldman Sachs Group lowered their price objective 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 Thursday, August 29th. Piper Sandler decreased their price target on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, July 15th. Barclays cut their target price on shares of Atlas Energy Solutions from $26.00 to $23.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Benchmark reiterated a "buy" rating and set a $27.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Finally, Stephens reissued an "overweight" rating and set a $28.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Eight investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Atlas Energy Solutions presently has a consensus rating of "Buy" and an average target price of $25.75.

Atlas Energy Solutions Trading Up 2.2 %

Shares of NYSE:AESI traded up $0.43 during mid-day trading on Tuesday, hitting $20.29. The company had a trading volume of 782,165 shares, compared to its average volume of 875,143. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.35. Atlas Energy Solutions Inc. has a one year low of $15.55 and a one year high of $24.93. The firm has a fifty day moving average price of $20.99 and a 200 day moving average price of $21.39. The company has a market capitalization of $2.03 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 6.47 and a beta of 0.56.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.18). Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. The firm had revenue of $287.52 million for the quarter, compared to the consensus estimate of $270.55 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The company's revenue was up 77.7% compared to the same quarter last year. As a group, research analysts forecast that Atlas Energy Solutions Inc. will post 1.48 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.23 dividend. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.22. The ex-dividend date was Thursday, August 15th. This represents a $0.92 annualized dividend and a yield of 4.53%. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 51.11%.

Insiders Place Their Bets

In related news, major shareholder Gregory M. Shepard bought 1,797 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were bought at an average price of $19.65 per share, with a total value of $35,311.05. Following the completion of the transaction, the insider now directly owns 7,507,194 shares in the company, valued at approximately $147,516,362.10. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Stacy Hock sold 8,571 shares of the company's stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $21.49, for a total value of $184,190.79. Following the transaction, the insider now owns 934,746 shares in the company, valued at approximately $20,087,691.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Gregory M. Shepard purchased 1,797 shares of the business's stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $19.65 per share, with a total value of $35,311.05. Following the purchase, the insider now directly owns 7,507,194 shares in the company, valued at $147,516,362.10. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 35,713 shares of company stock valued at $729,117. Corporate insiders own 24.34% of the company's stock.

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.