1 week Ago By Defense World Staff
Wells Fargo & Company MN raised its stake in Atlas Energy Solutions Inc. ( NYSE:AESI – Free Report ) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 103,027 shares of the company’s stock after buying an additional 12,364 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of Atlas Energy Solutions worth $2,285,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of AESI. Vanguard Group Inc. grew its stake in Atlas Energy Solutions by 12.
6% in the 4th quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company’s stock valued at $153,382,000 after acquiring an additional 773,035 shares during the last quarter.
Copeland Capital Management LLC lifted its holdings in shares of Atlas Energy Solutions by 19.3% in the fourth quarter. Copeland Capital Management LLC now owns 2,247,774 shares of the company’s stock valued at $49,856,000 after purchasing an additional 363,742 shares in the last quarter.
Wellington Management Group LLP grew its position in shares of Atlas Energy Solutions by 7.7% in the fourth quarter. Wellington Management Group LLP now owns 855,405 shares of the company’s stock valued at $18,973,000 after purchasing an additional 61,185 shares during the last quarter.
Bank of New York Mellon Corp increased its stake in shares of Atlas Energy Solutions by 75.5% during the 4th quarter. Bank of New York Mellon Corp now owns 835,683 shares of the company’s stock worth $18,535,000 after purchasing an additional 359,420 shares in the last quarter.
Finally, Charles Schwab Investment Management Inc. raised its position in shares of Atlas Energy Solutions by 6.6% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 552,915 shares of the company’s stock worth $12,264,000 after purchasing an additional 34,346 shares during the last quarter. 34.
59% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes A number of brokerages have commented on AESI. The Goldman Sachs Group lowered their target price on Atlas Energy Solutions from $22.
00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Raymond James cut Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th.
Benchmark reduced 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 report on Wednesday, February 26th.
Barclays decreased their price target on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd.
Finally, Stephens upped their price objective on shares of Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th.
Six research 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 a consensus price target of $22.
44. Insiders Place Their Bets In related news, major shareholder Gregory M. Shepard bought 32,155 shares of the stock in a transaction dated Thursday, February 27th.
The stock was acquired at an average price of $19.04 per share, for a total transaction of $612,231.20.
Following the completion of the purchase, the insider now owns 7,651,210 shares in the company, valued at $145,679,038.40. This represents a 0.
42 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, major shareholder Brian Anthony Leveille sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, January 27th.
The stock was sold at an average price of $24.46, for a total value of $305,750.00.
Following the transaction, the insider now directly owns 362,010 shares in the company, valued at $8,854,764.60. This trade represents a 3.
34 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 15.
98% of the stock is owned by insiders. Atlas Energy Solutions Stock Up 0.5 % Shares of NYSE AESI opened at $14.
24 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 stock has a market capitalization of $1.
73 billion, a PE ratio of 18.02 and a beta of 1.20.
The firm has a fifty day moving average of $16.78 and a 200-day moving average of $20.20.
Atlas Energy Solutions Inc. has a 52-week low of $12.41 and a 52-week high of $26.
86. Atlas Energy Solutions ( NYSE:AESI – Get Free Report ) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.
06 EPS for the quarter, missing the consensus estimate 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%.
On average, analysts anticipate that Atlas Energy Solutions Inc. will post 0.83 EPS for the current year.
Atlas Energy Solutions Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.25 per share.
This represents a $1.00 dividend on an annualized basis and a yield of 7.02%.
This is a boost from Atlas Energy Solutions’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, February 21st.
Atlas Energy Solutions’s payout ratio is 178.57%. Atlas Energy Solutions Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Atlas Energy Solutions Stock Average Calculator Short Sellers Gave Up on These 3 Names Recently Ride Out The Recession With These Dividend Kings 3 Boring Stocks Outperforming the Market This Year A Deeper Look at Bid-Ask Spreads If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for Atlas Energy Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Energy Solutions and related companies with MarketBeat.
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