Vanguard Group Inc. lifted its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,915,325 shares of the company's stock after buying an additional 773,035 shares during the quarter. Vanguard Group Inc. owned about 6.27% of Atlas Energy Solutions worth $153,382,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of AESI. Copeland Capital Management LLC lifted its position in Atlas Energy Solutions by 19.3% during the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company's stock worth $49,856,000 after acquiring an additional 363,742 shares during the last quarter. State Street Corp lifted its holdings in Atlas Energy Solutions by 15.0% during the 3rd quarter. State Street Corp now owns 1,751,059 shares of the company's stock worth $38,173,000 after purchasing an additional 227,776 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Atlas Energy Solutions by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company's stock worth $31,579,000 after purchasing an additional 54,321 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Atlas Energy Solutions by 75.5% in the 4th quarter. Bank of New York Mellon Corp now owns 835,683 shares of the company's stock valued at $18,535,000 after purchasing an additional 359,420 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Atlas Energy Solutions in the 3rd quarter valued at $17,314,000. Institutional investors own 34.59% of the company's stock.
Atlas Energy Solutions Price Performance
Shares of Atlas Energy Solutions stock traded up $0.30 during trading on Friday, reaching $13.74. 1,383,309 shares of the company's stock were exchanged, compared to its average volume of 1,216,450. The firm's 50-day moving average price is $18.34 and its 200 day moving average price is $20.76. The company has a market cap of $1.67 billion, a P/E ratio of 17.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. Atlas Energy Solutions Inc. has a 1-year low of $12.41 and a 1-year high of $26.86.
Atlas Energy Solutions (NYSE:AESI - Get Free Report) last posted its 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 the consensus estimate of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. As a group, research analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.
Atlas Energy Solutions Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date was Friday, February 21st. This is a boost from Atlas Energy Solutions's previous quarterly dividend of $0.24. Atlas Energy Solutions's payout ratio is presently 178.57%.
Insider Transactions at Atlas Energy Solutions
In related news, major shareholder Brian Anthony Leveille sold 7,500 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $24.00, for a total value of $180,000.00. Following the completion of the sale, the insider now directly owns 397,010 shares in the company, valued at $9,528,240. This represents a 1.85 % decrease 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 Gregory M. Shepard bought 32,155 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the transaction, the insider now owns 7,651,210 shares in the company, valued at $145,679,038.40. The trade was a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 35,000 shares of company stock worth $830,150. Corporate insiders own 24.34% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on AESI. Barclays dropped their target price 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. Benchmark cut 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 report on Wednesday, February 26th. Royal Bank of Canada restated an "outperform" rating and set a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, April 2nd. Stephens lifted their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th. Finally, Raymond James downgraded Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.94.
Check Out Our Latest Stock Report on AESI
Atlas Energy Solutions Profile
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Free Report)
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.
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