Northern Trust Corp Buys 94,949 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Northern Trust Corp grew its stake in shares of Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 898,253 shares of the company's stock after acquiring an additional 94,949 shares during the period. Northern Trust Corp owned 0.81% of Atlas Energy Solutions worth $19,923,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC increased its holdings in shares of Atlas Energy Solutions by 62.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,354 shares of the company's stock worth $30,000 after purchasing an additional 523 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Atlas Energy Solutions by 307.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,387 shares of the company's stock worth $31,000 after purchasing an additional 1,047 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of Atlas Energy Solutions by 8.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 14,770 shares of the company's stock worth $328,000 after purchasing an additional 1,100 shares during the period. Quarry LP bought a new position in shares of Atlas Energy Solutions during the fourth quarter worth approximately $27,000. Finally, Global Retirement Partners LLC increased its holdings 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 purchasing an additional 1,276 shares during the period. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their price objective on shares of Atlas Energy Solutions from $22.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Royal Bank of Canada decreased their price objective on shares of 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. Stephens lifted 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. The Goldman Sachs Group decreased their price objective 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, Barclays decreased their price objective 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. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.81.

Atlas Energy Solutions Price Performance

Atlas Energy Solutions stock traded up $0.70 during mid-day trading on Friday, reaching $13.47. The company had a trading volume of 3,170,047 shares, compared to its average volume of 1,345,219. Atlas Energy Solutions Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $26.86. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.64 billion, a P/E ratio of 17.05 and a beta of 1.34. The business has a fifty day simple moving average of $15.06 and a 200 day simple moving average of $19.49.

Atlas Energy Solutions (NYSE:AESI - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.10). The business had revenue of $297.59 million for the quarter, compared to analyst estimates of $291.13 million. Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. Atlas Energy Solutions's revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. On average, equities research analysts predict that Atlas Energy Solutions Inc. will post 0.83 earnings per share for the current year.

Atlas Energy Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 7.42%. Atlas Energy Solutions's dividend payout ratio (DPR) is presently 322.58%.

Insider Transactions at Atlas Energy Solutions

In other news, major shareholder Gregory M. Shepard bought 32,155 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $19.04 per share, for a total transaction of $612,231.20. Following the completion of the acquisition, the insider now directly owns 7,651,210 shares in the company, valued at approximately $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 SEC, which is available at this link. Also, Director Douglas G. Rogers bought 7,000 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $13.27 per share, for a total transaction of $92,890.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at $132,700. This trade represents a 233.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 48,790 shares of company stock worth $834,038. Company insiders own 15.98% of the company's stock.

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.