Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases Shares of 12,941 Atlas Energy Solutions Inc. (NYSE:AESI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Atlas Energy Solutions Inc. (NYSE:AESI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,941 shares of the company’s stock, valued at approximately $287,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC bought a new position in Atlas Energy Solutions in the 3rd quarter worth $48,000. Intech Investment Management LLC purchased a new position in shares of Atlas Energy Solutions in the third quarter valued at about $323,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Atlas Energy Solutions by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,569 shares of the company’s stock worth $11,305,000 after acquiring an additional 25,999 shares during the period. FMR LLC grew its position 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 worth $59,000 after purchasing an additional 1,355 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Atlas Energy Solutions by 69.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,438 shares of the company’s stock valued at $751,000 after purchasing an additional 14,093 shares during the period. 34.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard purchased 32,155 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $19.04 per share, with a total value of $612,231.20. Following the purchase, the insider now owns 7,651,210 shares of the company’s stock, valued at approximately $145,679,038.40. The trade was a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Stacy Hock sold 10,000 shares of the company’s stock in a transaction on 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 in the company, valued at $20,196,090. This trade represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,000 shares of company stock valued at $1,164,750. Company insiders own 24.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stephens upped their price target on Atlas Energy Solutions from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Bank of America restated a “neutral” rating and set a $22.50 target price on shares of Atlas Energy Solutions in a research report on Monday, January 13th. Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Royal Bank of Canada dropped their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a report on Friday, December 13th. They issued a “neutral” rating and a $23.00 target price on the stock. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.83.

Atlas Energy Solutions Trading Down 1.3 %

Shares of NYSE AESI opened at $18.04 on Friday. Atlas Energy Solutions Inc. has a 1-year low of $16.98 and a 1-year high of $26.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. The business’s 50 day moving average is $20.61 and its two-hundred day moving average is $21.32. The stock has a market capitalization of $2.20 billion, a P/E ratio of 22.84 and a beta of 1.18.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12). The company had revenue of $271.34 million for the quarter, compared to the consensus estimate of $272.94 million. Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. As a group, research analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s dividend payout ratio (DPR) is 178.57%.

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.