Northern Trust Corp Raises Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Northern Trust Corp lifted its position in Atlas Energy Solutions Inc. (NYSE:AESI - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 898,253 shares of the company's stock after purchasing an additional 94,949 shares during the quarter. Northern Trust Corp owned about 0.81% of Atlas Energy Solutions worth $19,923,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AESI. Barclays PLC increased its holdings in shares of Atlas Energy Solutions by 574.5% in the third quarter. Barclays PLC now owns 175,082 shares of the company's stock worth $3,817,000 after purchasing an additional 149,126 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Atlas Energy Solutions by 324.3% in the third quarter. JPMorgan Chase & Co. now owns 194,494 shares of the company's stock worth $4,240,000 after purchasing an additional 148,655 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Atlas Energy Solutions by 9.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 33,733 shares of the company's stock worth $748,000 after purchasing an additional 3,044 shares during the period. B & T Capital Management DBA Alpha Capital Management increased its stake in Atlas Energy Solutions by 0.8% in the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 351,565 shares of the company's stock valued at $7,798,000 after acquiring an additional 2,834 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Atlas Energy Solutions by 29.0% in the fourth quarter. DAVENPORT & Co LLC now owns 45,800 shares of the company's stock valued at $1,016,000 after acquiring an additional 10,300 shares during the last quarter. Institutional investors own 34.59% of the company's stock.

Atlas Energy Solutions Trading Down 1.6%

NYSE AESI traded down $0.22 during trading on Monday, hitting $13.26. 1,321,449 shares of the company's stock traded hands, compared to its average volume of 1,348,089. The stock has a fifty day moving average of $14.98 and a two-hundred day moving average of $19.45. 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 12-month low of $11.76 and a 12-month high of $26.86. The firm has a market cap of $1.64 billion, a P/E ratio of 16.79 and a beta of 1.34.

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

Atlas Energy Solutions Announces Dividend

The company also recently announced 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 7.54%. Atlas Energy Solutions's dividend payout ratio is currently 322.58%.

Insider Transactions at Atlas Energy Solutions

In other news, Director Douglas G. Rogers bought 7,000 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was bought at an average cost of $13.27 per share, for a total transaction of $92,890.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $132,700. This trade represents a 233.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Gregory M. Shepard acquired 32,155 shares of the stock in a transaction on Thursday, February 27th. The stock was bought at an average price 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. This trade represents a 0.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 48,790 shares of company stock worth $834,038. Company insiders own 15.98% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on AESI. Royal Bank of Canada reduced their target price 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. Stephens increased their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. 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 research note on Tuesday, May 13th. Piper Sandler reduced their target price on 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. Finally, Benchmark reduced their target price on Atlas Energy Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.81.

Atlas Energy Solutions 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.