Vest Financial LLC Boosts Stock Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Vest Financial LLC boosted its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,578 shares of the company’s stock after buying an additional 8,436 shares during the period. Vest Financial LLC’s holdings in Atlas Energy Solutions were worth $1,430,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Atlas Energy Solutions by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock valued at $104,409,000 after acquiring an additional 33,286 shares in the last quarter. Sei Investments Co. raised its holdings in Atlas Energy Solutions by 119.0% in the first quarter. Sei Investments Co. now owns 88,106 shares of the company’s stock worth $1,993,000 after buying an additional 47,882 shares during the last quarter. Quantbot Technologies LP purchased a new position in Atlas Energy Solutions in the first quarter worth about $592,000. Lazard Asset Management LLC bought a new position in shares of Atlas Energy Solutions in the first quarter worth approximately $8,728,000. Finally, Capstone Investment Advisors LLC increased its position in shares of Atlas Energy Solutions by 9.2% during the first quarter. Capstone Investment Advisors LLC now owns 545,859 shares of the company’s stock valued at $12,347,000 after acquiring an additional 45,859 shares in the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $21.49, for a total value of $184,190.79. Following the completion of the sale, the insider now owns 934,746 shares in the company, valued at $20,087,691.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Atlas Energy Solutions news, major shareholder Stacy Hock sold 8,571 shares of the company’s 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 completion of the transaction, the insider now directly owns 934,746 shares in the company, valued at $20,087,691.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Brian Anthony Leveille sold 10,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $20.50, for a total transaction of $205,000.00. Following the completion of the sale, the insider now directly owns 542,010 shares of the company’s stock, valued at approximately $11,111,205. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,713 shares of company stock worth $729,117. Corporate insiders own 24.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AESI has been the topic of several analyst reports. Stephens reaffirmed an “overweight” rating and issued a $28.00 price objective on shares of Atlas Energy Solutions in a research report on Tuesday, August 6th. Tudor Pickering raised Atlas Energy Solutions to a “strong-buy” rating in a report on Monday, June 24th. Tudor, Pickering, Holt & Co. initiated coverage on Atlas Energy Solutions in a report on Monday, June 24th. They issued a “buy” rating for the company. Barclays lowered their target price on shares of Atlas Energy Solutions from $26.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, 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. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $25.75.

Atlas Energy Solutions Trading Down 0.4 %

Atlas Energy Solutions stock opened at $19.94 on Monday. The business has a 50-day simple moving average of $20.99 and a two-hundred day simple moving average of $21.41. Atlas Energy Solutions Inc. has a 52-week low of $15.55 and a 52-week high of $24.93. The company has a quick ratio of 1.35, a current ratio of 1.53 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.99 billion, a P/E ratio of 11.08, a P/E/G ratio of 6.47 and a beta of 0.56.

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

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were issued a $0.23 dividend. 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 yield of 4.61%. The ex-dividend date was Thursday, August 15th. Atlas Energy Solutions’s dividend payout ratio (DPR) is currently 51.11%.

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.