Atlas Energy Solutions Inc. (NYSE:AESI) is Villere ST Denis J & Co. LLC's 7th Largest Position

Villere ST Denis J & Co. LLC cut its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,783,652 shares of the company's stock after selling 27,593 shares during the period. Atlas Energy Solutions accounts for 3.2% of Villere ST Denis J & Co. LLC's portfolio, making the stock its 7th biggest position. Villere ST Denis J & Co. LLC owned approximately 1.62% of Atlas Energy Solutions worth $38,884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beck Capital Management LLC lifted its holdings in Atlas Energy Solutions by 0.6% in the second quarter. Beck Capital Management LLC now owns 130,588 shares of the company's stock worth $2,603,000 after buying an additional 749 shares during the period. CWM LLC grew 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 worth $60,000 after purchasing an additional 886 shares during the period. Cetera Investment Advisers raised its holdings in Atlas Energy Solutions by 1.0% in 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 in the last quarter. First Horizon Advisors Inc. raised its holdings in Atlas Energy Solutions by 313.7% in the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company's stock worth $34,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Amalgamated Bank lifted its position in Atlas Energy Solutions by 328.1% during the second quarter. Amalgamated Bank now owns 2,350 shares of the company's stock valued at $47,000 after buying an additional 1,801 shares during the period. Institutional investors own 34.59% of the company's stock.

Insider Buying and Selling at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $21.49, for a total value of $184,190.79. Following the transaction, the insider now directly owns 934,746 shares in the company, valued at approximately $20,087,691.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Gregory M. Shepard purchased 1,797 shares of the company's stock in a transaction on Friday, October 18th. The stock was acquired at an average cost of $19.65 per share, for a total transaction of $35,311.05. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Stacy Hock sold 8,571 shares of the firm's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $21.49, for a total transaction of $184,190.79. Following the sale, the insider now owns 934,746 shares in the company, valued at $20,087,691.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 60,869 shares of company stock valued at $1,187,983 and have sold 65,713 shares valued at $1,367,117. 24.34% of the stock is owned by corporate insiders.

Atlas Energy Solutions Stock Up 0.2 %

Shares of AESI stock traded up $0.04 during mid-day trading on Friday, hitting $20.64. The company's stock had a trading volume of 860,258 shares, compared to its average volume of 1,192,464. 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 52-week low of $15.55 and a 52-week high of $24.93. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 11.85 and a beta of 0.69. The business has a 50-day moving average price of $20.89 and a 200 day moving average price of $21.13.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.25). The company had revenue of $304.40 million during the quarter, compared to the consensus estimate of $307.93 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The business's revenue was up 93.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Research analysts predict that Atlas Energy Solutions Inc. will post 0.8 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, November 7th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.65%. This is a positive change from Atlas Energy Solutions's previous quarterly dividend of $0.23. Atlas Energy Solutions's payout ratio is presently 116.46%.

Analyst Upgrades and Downgrades

AESI has been the subject of several research reports. Benchmark reiterated a "buy" rating and issued a $27.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, August 6th. Stephens reissued an "overweight" rating and issued a $28.00 price target on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Bank of America cut their price target on Atlas Energy Solutions from $25.00 to $24.00 and set a "buy" rating on the stock in a research note on Monday, July 15th. The Goldman Sachs Group cut Atlas Energy Solutions from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $23.00 to $21.00 in a research note on Thursday. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $25.00 target price on shares of Atlas Energy Solutions in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $25.25.

Atlas Energy Solutions Company 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.