Cooke & Bieler LP Raises Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Cooke & Bieler LP boosted its stake in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,600,093 shares of the company's stock after purchasing an additional 57,546 shares during the quarter. Cooke & Bieler LP owned about 2.14% of Atlas Energy Solutions worth $46,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Atlas Energy Solutions by 12.6% during the fourth quarter. Vanguard Group Inc. now owns 6,915,325 shares of the company's stock worth $153,382,000 after purchasing an additional 773,035 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Atlas Energy Solutions by 31.5% during the fourth quarter. First Trust Advisors LP now owns 3,908,810 shares of the company's stock worth $86,697,000 after purchasing an additional 935,410 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Atlas Energy Solutions by 25.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,390,269 shares of the company's stock worth $75,197,000 after purchasing an additional 689,846 shares during the last quarter. Copeland Capital Management LLC grew its holdings in shares of Atlas Energy Solutions by 42.5% during the first quarter. Copeland Capital Management LLC now owns 3,203,592 shares of the company's stock worth $57,152,000 after purchasing an additional 955,818 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC grew its holdings in shares of Atlas Energy Solutions by 0.4% during the first quarter. Villere ST Denis J & Co. LLC now owns 1,746,627 shares of the company's stock worth $31,160,000 after purchasing an additional 6,904 shares during the last quarter. Institutional investors and hedge funds own 34.59% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on AESI. Citigroup reduced their target price on Atlas Energy Solutions from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Royal Bank Of Canada dropped their price target on Atlas Energy Solutions from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Stifel Nicolaus dropped their price target on Atlas Energy Solutions from $15.00 to $14.50 and set a "buy" rating on the stock in a research note on Wednesday. Piper Sandler reissued a "neutral" rating and issued a $16.00 price target on shares of Atlas Energy Solutions in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group dropped their price target on Atlas Energy Solutions from $22.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $19.11.

Atlas Energy Solutions Trading Down 1.3%

AESI traded down $0.18 on Friday, hitting $13.43. 922,384 shares of the company were exchanged, compared to its average volume of 1,405,670. The firm has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $16.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.40 and a current ratio of 1.62. Atlas Energy Solutions Inc. has a 12 month low of $11.76 and a 12 month high of $26.86. The stock has a market capitalization of $1.66 billion, a PE ratio of 43.32 and a beta of 1.20.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.10). The firm had revenue of $297.59 million for the quarter, compared to the consensus estimate of $291.13 million. Atlas Energy Solutions had a net margin of 2.96% and a return on equity of 4.99%. The company's revenue for the quarter was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Sell-side analysts expect that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 7.45%. The ex-dividend date was Thursday, May 15th. Atlas Energy Solutions's dividend payout ratio is currently 322.58%.

Insider Buying and Selling at Atlas Energy Solutions

In other news, Chairman Ben M. Brigham acquired 9,635 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, May 14th. The stock was bought at an average price of $13.38 per share, for a total transaction of $128,916.30. Following the completion of the transaction, the chairman owned 572,397 shares in the company, valued at $7,658,671.86. The trade was a 1.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas G. Rogers acquired 7,000 shares of Atlas Energy Solutions stock in a transaction that occurred on Wednesday, May 14th. The shares were purchased at an average price of $13.27 per share, with a total value of $92,890.00. Following the transaction, the director owned 10,000 shares of the company's stock, valued at $132,700. The trade was a 233.33% increase in their position. The disclosure for this purchase can be found here. 15.98% of the stock is owned by insiders.

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.