Atlas Energy Solutions Inc. (NYSE:AESI) is Villere ST Denis J & Co. LLC's 5th Largest Position

Villere ST Denis J & Co. LLC cut its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,739,723 shares of the company's stock after selling 43,929 shares during the period. Atlas Energy Solutions comprises approximately 3.5% of Villere ST Denis J & Co. LLC's portfolio, making the stock its 5th largest position. Villere ST Denis J & Co. LLC owned about 1.58% of Atlas Energy Solutions worth $38,587,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its position in Atlas Energy Solutions by 28.6% in the third quarter. Stifel Financial Corp now owns 126,667 shares of the company's stock worth $2,761,000 after acquiring an additional 28,158 shares in the last quarter. Hodges Capital Management Inc. grew its position in Atlas Energy Solutions by 44.7% in the fourth quarter. Hodges Capital Management Inc. now owns 194,000 shares of the company's stock worth $4,302,000 after acquiring an additional 59,940 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $11,305,000 after buying an additional 25,999 shares during the period. Ashford Capital Management Inc. boosted its position in Atlas Energy Solutions by 27.9% during the third quarter. Ashford Capital Management Inc. now owns 586,000 shares of the company's stock valued at $12,775,000 after buying an additional 127,910 shares during the period. Finally, Copeland Capital Management LLC boosted 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 valued at $49,856,000 after buying an additional 363,742 shares during the period. 34.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Stacy Hock sold 10,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.50, for a total value of $225,000.00. Following the completion of the transaction, the insider now directly owns 897,604 shares of the company's stock, valued at $20,196,090. This represents a 1.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 362,010 shares of the company's stock, valued at approximately $8,854,764.60. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 116,071 shares of company stock valued at $2,708,851 over the last three months. Corporate insiders own 24.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AESI. The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a research report on Friday, December 13th. They set a "neutral" rating and a $23.00 price target for the company. Bank of America restated a "neutral" rating and set a $22.50 price target on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Pickering Energy Partners lowered shares of Atlas Energy Solutions from an "outperform" rating to a "neutral" rating in a research report on Wednesday, October 30th. Benchmark upped their price target on shares of Atlas Energy Solutions from $23.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, Citigroup lowered shares of Atlas Energy Solutions from a "buy" rating to a "neutral" rating and cut their price target for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.50.

Atlas Energy Solutions Trading Down 1.4 %

Shares of Atlas Energy Solutions stock traded down $0.31 during trading on Wednesday, reaching $21.91. 1,298,931 shares of the stock were exchanged, compared to its average volume of 1,590,032. 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 stock's fifty day moving average is $22.62 and its 200 day moving average is $21.64. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 27.73 and a beta of 1.03. Atlas Energy Solutions Inc. has a 1 year low of $17.49 and a 1 year high of $26.86.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.25 per share. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. Atlas Energy Solutions's dividend payout ratio is currently 121.52%.

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.