Invesco Ltd. Raises Stake in Atlas Energy Solutions Inc. (NYSE:AESI)

Invesco Ltd. lifted its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 43.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549,829 shares of the company's stock after acquiring an additional 167,701 shares during the quarter. Invesco Ltd. owned approximately 0.50% of Atlas Energy Solutions worth $12,195,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its holdings in shares of Atlas Energy Solutions by 62.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock worth $30,000 after buying an additional 523 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Atlas Energy Solutions by 8.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company's stock worth $328,000 after buying an additional 1,100 shares during the period. Global Retirement Partners LLC lifted its position in shares of Atlas Energy Solutions by 191.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,941 shares of the company's stock worth $43,000 after acquiring an additional 1,276 shares in the last quarter. FMR LLC lifted its holdings in Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company's stock worth $59,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Promus Capital LLC bought a new position in shares of Atlas Energy Solutions in the fourth quarter valued at approximately $55,000. 34.59% of the stock is owned by institutional investors.

Insider Activity at Atlas Energy Solutions

In related news, major shareholder Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $24.46, for a total value of $305,750.00. Following the completion of the sale, the insider now directly owns 362,010 shares in the company, valued at approximately $8,854,764.60. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $19.04 per share, with a total value of $612,231.20. Following the completion of the acquisition, the insider now directly owns 7,651,210 shares of the company's stock, valued at $145,679,038.40. The trade was a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 15.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AESI. Benchmark dropped their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Raymond James lowered Atlas Energy Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 6th. Barclays cut their target price on Atlas Energy Solutions from $23.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group decreased their price target on shares of 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. Finally, Bank of America reaffirmed a "neutral" rating and set a $22.50 target price on shares of Atlas Energy Solutions in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.44.

Atlas Energy Solutions Trading Up 0.5 %

NYSE:AESI traded up $0.08 during trading hours on Friday, hitting $14.24. The company had a trading volume of 969,022 shares, compared to its average volume of 1,253,265. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.08. Atlas Energy Solutions Inc. has a 52 week low of $12.41 and a 52 week high of $26.86. The company has a market capitalization of $1.73 billion, a PE ratio of 18.02 and a beta of 1.20. The stock has a 50-day moving average price of $16.78 and a 200 day moving average price of $20.20.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The company had revenue of $271.34 million for the quarter, compared to the consensus estimate of $272.94 million. On average, equities research analysts predict that Atlas Energy Solutions Inc. will post 0.83 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a $0.25 dividend. This is an increase from Atlas Energy Solutions's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.00 dividend on an annualized basis and a yield of 7.02%. Atlas Energy Solutions's dividend payout ratio is 178.57%.

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.