Rhumbline Advisers Acquires 82,377 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Rhumbline Advisers grew its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 93.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 170,409 shares of the company’s stock after purchasing an additional 82,377 shares during the period. Rhumbline Advisers’ holdings in Atlas Energy Solutions were worth $3,780,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AESI. Wellington Management Group LLP purchased a new position in shares of Atlas Energy Solutions during the 3rd quarter valued at about $17,314,000. First Sabrepoint Capital Management LP bought a new stake in shares of Atlas Energy Solutions in the 3rd quarter worth approximately $8,066,000. Copeland Capital Management LLC grew its position in shares of Atlas Energy Solutions by 19.3% in the 4th quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock worth $49,856,000 after buying an additional 363,742 shares during the last quarter. State Street Corp boosted its position in shares of Atlas Energy Solutions by 15.0% during the third quarter. State Street Corp now owns 1,751,059 shares of the company’s stock valued at $38,173,000 after purchasing an additional 227,776 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Atlas Energy Solutions by 574.5% during the third quarter. Barclays PLC now owns 175,082 shares of the company’s stock valued at $3,817,000 after purchasing an additional 149,126 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Gregory M. Shepard purchased 32,155 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the purchase, the insider now 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $23.17, for a total value of $115,850.00. Following the transaction, the insider now directly owns 409,510 shares of the company’s stock, valued at approximately $9,488,346.70. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,071 shares of company stock valued at $1,773,251 over the last 90 days. Company insiders own 24.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AESI shares. Benchmark dropped their price target on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group assumed 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. Citigroup cut Atlas Energy Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $22.00 in a research note on Thursday, November 14th. Bank of America restated a “neutral” rating and issued a $22.50 price target on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Finally, Stephens boosted 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. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Atlas Energy Solutions has a consensus rating of “Moderate Buy” and an average target price of $24.83.

Atlas Energy Solutions Stock Performance

Shares of AESI opened at $19.38 on Friday. 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 business has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $21.66. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 24.53 and a beta of 1.03. Atlas Energy Solutions Inc. has a 52 week low of $17.49 and a 52 week high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12). The company had revenue of $271.34 million during the quarter, compared to analysts’ expectations of $272.94 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. On average, analysts expect that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.

Atlas Energy Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.25 dividend. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.16%. Atlas Energy Solutions’s dividend payout ratio is 126.58%.

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.