Atlas Energy Solutions Inc. (NYSE:AESI) Holdings Raised by Cooke & Bieler LP

Cooke & Bieler LP increased its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 775.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,699,013 shares of the company’s stock after purchasing an additional 1,504,988 shares during the quarter. Cooke & Bieler LP owned approximately 1.70% of Atlas Energy Solutions worth $33,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AESI. First Horizon Advisors Inc. grew its holdings in shares of Atlas Energy Solutions by 313.7% during the second quarter. First Horizon Advisors Inc. now owns 1,725 shares of the company’s stock valued at $34,000 after buying an additional 1,308 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Atlas Energy Solutions in the 1st quarter valued at about $78,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Atlas Energy Solutions in the second quarter worth approximately $74,000. nVerses Capital LLC acquired a new stake in shares of Atlas Energy Solutions during the second quarter worth approximately $106,000. Finally, Bessemer Group Inc. purchased a new position in Atlas Energy Solutions during the first quarter valued at approximately $154,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Atlas Energy Solutions Stock Performance

NYSE:AESI traded up $0.09 during mid-day trading on Wednesday, hitting $20.41. 100,831 shares of the company’s stock traded hands, compared to its average volume of 876,555. The company has a current ratio of 1.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $20.36 and a two-hundred day moving average of $21.30. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 5.92 and a beta of 0.56. Atlas Energy Solutions Inc. has a 12 month low of $15.55 and a 12 month high of $24.93.

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

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 15th. 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%. Atlas Energy Solutions’s payout ratio is currently 51.11%.

Insider Activity at Atlas Energy Solutions

In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard bought 60,393 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average price of $19.05 per share, with a total value of $1,150,486.65. Following the completion of the purchase, the insider now directly owns 7,383,018 shares in the company, valued at approximately $140,646,492.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $20.22, for a total value of $173,305.62. Following the completion of the transaction, the insider now owns 951,888 shares in the company, valued at $19,247,175.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gregory M. Shepard purchased 60,393 shares of Atlas Energy Solutions stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average price of $19.05 per share, for a total transaction of $1,150,486.65. Following the transaction, the insider now owns 7,383,018 shares in the company, valued at $140,646,492.90. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 134,526 shares of company stock worth $2,611,884 and sold 25,716 shares worth $513,205. 24.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AESI shares. Royal Bank of Canada decreased their target price on shares of Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Bank of America lowered their target price on Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Tudor Pickering raised Atlas Energy Solutions to a “strong-buy” rating in a research note on Monday, June 24th. Piper Sandler reduced 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 note on Monday, July 15th. Finally, Tudor, Pickering, Holt & Co. initiated coverage on shares of Atlas Energy Solutions in a report on Monday, June 24th. They set a “buy” rating on the stock. Eight equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $26.25.

Atlas Energy Solutions Company 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.