Dimensional Fund Advisors LP Takes $280,000 Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Dimensional Fund Advisors LP bought a new stake in Atlas Energy Solutions Inc. (NYSE:AESI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,040 shares of the company’s stock, valued at approximately $280,000.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in Atlas Energy Solutions by 127.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,136,136 shares of the company’s stock worth $19,564,000 after acquiring an additional 637,249 shares during the last quarter. Diversified Trust Co bought a new position in Atlas Energy Solutions in the first quarter valued at approximately $209,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Atlas Energy Solutions in the first quarter valued at approximately $307,000. Vest Financial LLC bought a new position in Atlas Energy Solutions in the first quarter valued at approximately $854,000. Finally, Outfitter Financial LLC increased its stake in Atlas Energy Solutions by 6.4% in the first quarter. Outfitter Financial LLC now owns 36,740 shares of the company’s stock valued at $831,000 after acquiring an additional 2,200 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AESI shares. The Goldman Sachs Group decreased their price objective on shares of Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Stephens reiterated an “overweight” rating and set a $28.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Benchmark restated a “buy” rating and issued a $27.00 target price on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Royal Bank of Canada dropped their price objective on shares of Atlas Energy Solutions from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Piper Sandler decreased their target price on shares of Atlas Energy Solutions from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. Eight research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $26.13.

Insider Activity at Atlas Energy Solutions

In other news, major shareholder Gregory M. Shepard bought 3,248 shares of the stock in a transaction on Thursday, July 18th. The shares were acquired at an average cost of $21.68 per share, for a total transaction of $70,416.64. Following the purchase, the insider now directly owns 7,503,197 shares of the company’s stock, valued at $162,669,310.96. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 approximately $20,087,691.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Gregory M. Shepard acquired 3,248 shares of the stock in a transaction dated Thursday, July 18th. The shares were bought at an average price of $21.68 per share, for a total transaction of $70,416.64. Following the transaction, the insider now owns 7,503,197 shares in the company, valued at approximately $162,669,310.96. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 25,713 shares of company stock worth $524,117. 24.34% of the stock is owned by corporate insiders.

Atlas Energy Solutions Trading Down 0.2 %

Shares of AESI stock opened at $20.40 on Tuesday. Atlas Energy Solutions Inc. has a 52-week low of $15.55 and a 52-week high of $24.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 1.53. The company has a 50-day simple moving average of $20.94 and a two-hundred day simple moving average of $21.48. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 6.47 and a beta of 0.56.

Atlas Energy Solutions (NYSE:AESI) last released its earnings results on Monday, August 5th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). The company had revenue of $287.52 million during the quarter, compared to analysts’ expectations of $270.55 million. Atlas Energy Solutions had a net margin of 13.71% and a return on equity of 16.75%. The firm’s revenue was up 77.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Research analysts anticipate that Atlas Energy Solutions Inc. will post 1.48 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a dividend of $0.23 per share. This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Thursday, August 15th. Atlas Energy Solutions’s dividend payout ratio is presently 51.11%.

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.