Intech Investment Management LLC Buys 16,307 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Intech Investment Management LLC grew its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 109.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,142 shares of the company’s stock after buying an additional 16,307 shares during the period. Intech Investment Management LLC’s holdings in Atlas Energy Solutions were worth $691,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AESI. Thrivent Financial for Lutherans acquired a new stake in Atlas Energy Solutions in the 4th quarter worth approximately $1,039,000. Royce & Associates LP bought a new position in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $4,990,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Atlas Energy Solutions by 62.9% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company’s stock worth $30,000 after buying an additional 523 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Atlas Energy Solutions by 22.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 28,509 shares of the company’s stock worth $632,000 after buying an additional 5,183 shares during the period. Finally, Personal CFO Solutions LLC grew its stake in Atlas Energy Solutions by 32.6% in the 4th quarter. Personal CFO Solutions LLC now owns 12,750 shares of the company’s stock valued at $283,000 after buying an additional 3,135 shares during the last quarter. Institutional investors own 34.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AESI shares. Stephens upped their price target on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. The Goldman Sachs Group began coverage on Atlas Energy Solutions in a research note on Friday, December 13th. They set a “neutral” rating and a $23.00 target price for the company. Piper Sandler began coverage on Atlas Energy Solutions in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $22.00 price target on the stock. Royal Bank of Canada reduced their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Benchmark dropped their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.83.

Atlas Energy Solutions Stock Down 2.0 %

NYSE AESI opened at $17.96 on Monday. Atlas Energy Solutions Inc. has a 1-year low of $16.98 and a 1-year high of $26.86. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 22.74 and a beta of 1.18. The stock’s 50 day moving average is $21.00 and its two-hundred day moving average is $21.39. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42.

Atlas Energy Solutions (NYSE:AESI) last announced its earnings results on Monday, February 24th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). The firm had revenue of $271.34 million for the quarter, compared to analyst estimates of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Equities analysts forecast that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current fiscal 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 paid a $0.25 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.57%. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. Atlas Energy Solutions’s payout ratio is 178.57%.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Gregory M. Shepard purchased 32,155 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the transaction, the insider now directly owns 7,651,210 shares in the company, valued at approximately $145,679,038.40. This represents a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $23.00, for a total transaction of $115,000.00. Following the completion of the sale, the insider now owns 404,510 shares of the company’s stock, valued at $9,303,730. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $1,164,750 in the last three months. 24.34% of the stock is owned by corporate insiders.

About Atlas Energy Solutions

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.