Greenleaf Trust Has $501,000 Holdings in Atlas Energy Solutions Inc. (NYSE:AESI)

Greenleaf Trust lessened its holdings in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 76.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,105 shares of the company’s stock after selling 92,804 shares during the period. Greenleaf Trust’s holdings in Atlas Energy Solutions were worth $501,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Tucker Asset Management LLC acquired a new position in shares of Atlas Energy Solutions during the third quarter worth $49,000. DekaBank Deutsche Girozentrale bought a new position in shares of Atlas Energy Solutions in the 3rd quarter worth about $81,000. PNC Financial Services Group Inc. lifted its stake in shares of Atlas Energy Solutions by 1,328.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,571 shares of the company’s stock valued at $124,000 after purchasing an additional 5,181 shares during the period. Barclays PLC boosted its position in shares of Atlas Energy Solutions by 79.4% during the 3rd quarter. Barclays PLC now owns 5,996 shares of the company’s stock valued at $134,000 after purchasing an additional 2,654 shares in the last quarter. Finally, Wealthsource Partners LLC acquired a new stake in Atlas Energy Solutions during the fourth quarter worth approximately $172,000. Institutional investors and hedge funds own 34.59% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AESI. The Goldman Sachs Group started coverage on Atlas Energy Solutions in a research note on Thursday, March 14th. They issued a “buy” rating and a $24.00 price target on the stock. Raymond James increased their target price on shares of Atlas Energy Solutions from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 16th. Royal Bank of Canada lifted their price target on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Finally, Barclays upped their price objective on shares of Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $25.17.

Atlas Energy Solutions Stock Performance

NYSE AESI opened at $22.28 on Tuesday. The company has a market cap of $2.23 billion and a P/E ratio of 14.19. The company has a fifty day simple moving average of $21.08 and a 200 day simple moving average of $18.91. The company has a current ratio of 3.44, a quick ratio of 3.21 and a debt-to-equity ratio of 0.20. Atlas Energy Solutions Inc. has a 12-month low of $15.28 and a 12-month high of $24.69.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.24). The business had revenue of $141.14 million for the quarter, compared to analyst estimates of $147.34 million. Atlas Energy Solutions had a net margin of 17.17% and a return on equity of 47.40%. Sell-side analysts predict that Atlas Energy Solutions Inc. will post 2.92 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.21 per share. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Wednesday, February 21st. Atlas Energy Solutions’s payout ratio is currently 40.76%.

Insider Transactions at Atlas Energy Solutions

In related news, EVP Jeffrey L. Allison sold 1,547 shares of Atlas Energy Solutions stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $22.50, for a total transaction of $34,807.50. Following the transaction, the executive vice president now owns 132,518 shares of the company’s stock, valued at $2,981,655. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Jeffrey L. Allison sold 1,547 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $22.50, for a total transaction of $34,807.50. Following the transaction, the executive vice president now directly owns 132,518 shares of the company’s stock, valued at $2,981,655. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Stacy Hock sold 50,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $19.97, for a total transaction of $998,500.00. Following the completion of the sale, the insider now directly owns 970,738 shares of the company’s stock, valued at $19,385,637.86. The disclosure for this sale can be found here. Insiders sold a total of 246,860 shares of company stock valued at $5,332,121 over the last ninety days. 24.34% of the stock is currently owned by insiders.

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.