Atlas Energy Solutions Inc. (NYSE:AESI) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in Atlas Energy Solutions Inc. (NYSE:AESI) by 127.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,136,136 shares of the company’s stock after acquiring an additional 637,249 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.14% of Atlas Energy Solutions worth $19,564,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AESI. Barclays PLC raised its holdings in shares of Atlas Energy Solutions by 79.4% in the third quarter. Barclays PLC now owns 5,996 shares of the company’s stock worth $134,000 after acquiring an additional 2,654 shares during the last quarter. Swiss National Bank acquired a new position in Atlas Energy Solutions in the third quarter valued at $838,000. DekaBank Deutsche Girozentrale acquired a new position in Atlas Energy Solutions in the third quarter valued at $81,000. PNC Financial Services Group Inc. increased its stake in Atlas Energy Solutions by 1,328.5% in the third 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 last quarter. Finally, First Dallas Securities Inc. acquired a new position in Atlas Energy Solutions in the third quarter valued at $883,000. 34.59% of the stock is owned by institutional investors and hedge funds.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $19.61 on Thursday. Atlas Energy Solutions Inc. has a 1-year low of $15.55 and a 1-year high of $24.93. The business has a 50-day moving average of $22.19 and a 200-day moving average of $20.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.24 and a quick ratio of 2.05. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 2.93 and a beta of 0.73.

Atlas Energy Solutions (NYSE:AESI) last issued its earnings results on Monday, May 6th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.12). Atlas Energy Solutions had a return on equity of 29.56% and a net margin of 19.98%. The company had revenue of $192.67 million during the quarter, compared to analysts’ expectations of $196.39 million. During the same period in the previous year, the company earned $0.03 EPS. Atlas Energy Solutions’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities analysts anticipate that Atlas Energy Solutions Inc. will post 2.02 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 16th were given a $0.22 dividend. This is an increase from Atlas Energy Solutions’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, May 15th. This represents a $0.88 annualized dividend and a dividend yield of 4.49%. Atlas Energy Solutions’s dividend payout ratio is presently 35.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank of Canada upped their target price on Atlas Energy Solutions from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Benchmark assumed coverage on Atlas Energy Solutions in a research note on Thursday, May 23rd. They issued a “buy” rating and a $27.00 target price for the company. The Goldman Sachs Group upped their target price on Atlas Energy Solutions from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Barclays boosted their price target on Atlas Energy Solutions from $23.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Finally, Tudor, Pickering, Holt & Co. initiated coverage on Atlas Energy Solutions in a research report on Monday. They set a “buy” rating for the company. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $26.00.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Richard W. Schmidt sold 51,150 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $22.98, for a total value of $1,175,427.00. Following the completion of the transaction, the insider now owns 1,051,663 shares of the company’s stock, valued at $24,167,215.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Richard W. Schmidt sold 51,150 shares of Atlas Energy Solutions stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $22.98, for a total value of $1,175,427.00. Following the completion of the sale, the insider now owns 1,051,663 shares in the company, valued at $24,167,215.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Stacy Hock sold 8,574 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $19.76, for a total transaction of $169,422.24. Following the transaction, the insider now owns 969,030 shares in the company, valued at $19,148,032.80. The disclosure for this sale can be found here. Insiders sold 205,672 shares of company stock valued at $4,859,410 over the last quarter. Company insiders own 24.34% of the company’s stock.

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.