Barrow Hanley Mewhinney & Strauss LLC Purchases 30,082 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Barrow Hanley Mewhinney & Strauss LLC lifted its position in Atlas Energy Solutions Inc. (NYSE:AESI) by 1.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,696,418 shares of the company’s stock after purchasing an additional 30,082 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.70% of Atlas Energy Solutions worth $53,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Atlas Energy Solutions by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,615,793 shares of the company’s stock worth $104,409,000 after purchasing an additional 33,286 shares during the last quarter. Meridian Wealth Advisors LLC boosted its holdings in Atlas Energy Solutions by 25.8% in the second quarter. Meridian Wealth Advisors LLC now owns 2,677,490 shares of the company’s stock valued at $53,362,000 after acquiring an additional 548,620 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Atlas Energy Solutions by 26.9% in the first quarter. Janus Henderson Group PLC now owns 2,537,215 shares of the company’s stock valued at $57,392,000 after acquiring an additional 537,927 shares in the last quarter. Whitebox Advisors LLC bought a new stake in Atlas Energy Solutions in the first quarter valued at $49,712,000. Finally, Clearbridge Investments LLC boosted its holdings in Atlas Energy Solutions by 38.2% in the first quarter. Clearbridge Investments LLC now owns 2,305,271 shares of the company’s stock valued at $52,145,000 after acquiring an additional 636,785 shares in the last quarter. Institutional investors own 34.59% of the company’s stock.

Insider Transactions at Atlas Energy Solutions

In related news, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $19.44, for a total value of $166,620.24. Following the completion of the sale, the insider now directly owns 943,317 shares in the company, valued at approximately $18,338,082.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Atlas Energy Solutions news, major shareholder Gregory M. Shepard acquired 30,013 shares of Atlas Energy Solutions stock in a transaction that occurred on Tuesday, July 2nd. The stock was bought at an average cost of $19.60 per share, for a total transaction of $588,254.80. Following the acquisition, the insider now owns 7,499,949 shares of the company’s stock, valued at $146,999,000.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Stacy Hock sold 8,571 shares of Atlas Energy Solutions stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $19.44, for a total value of $166,620.24. Following the completion of the sale, the insider now owns 943,317 shares of the company’s stock, valued at $18,338,082.48. The disclosure for this sale can be found here. In the last quarter, insiders purchased 74,133 shares of company stock valued at $1,461,398 and sold 34,287 shares valued at $679,825. 24.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AESI. Stephens reiterated an “overweight” rating and issued a $28.00 price target on shares of Atlas Energy Solutions in a report on Tuesday, August 6th. Royal Bank of Canada cut their price target on shares of Atlas Energy Solutions from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Bank of America cut their price target on shares of Atlas Energy Solutions from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Tudor Pickering raised Atlas Energy Solutions to a “strong-buy” rating in a research report on Monday, June 24th. Finally, The Goldman Sachs Group lowered their price objective on Atlas Energy Solutions from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $26.25.

Atlas Energy Solutions Price Performance

AESI opened at $22.66 on Friday. The stock has a 50-day moving average price of $20.54 and a 200-day moving average price of $21.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.53 and a quick ratio of 1.35. The firm has a market cap of $2.27 billion, a PE ratio of 12.59, a P/E/G ratio of 5.92 and a beta of 0.56. Atlas Energy Solutions Inc. has a 1 year low of $15.55 and a 1 year high of $24.93.

Atlas Energy Solutions (NYSE:AESI) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.18). The company had revenue of $287.52 million during the quarter, compared to analysts’ expectations of $270.55 million. Atlas Energy Solutions had a return on equity of 16.75% and a net margin of 13.71%. Atlas Energy Solutions’s revenue for the quarter was up 77.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. Sell-side analysts predict that Atlas Energy Solutions Inc. will post 1.48 earnings per share for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Thursday, August 15th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.22. Atlas Energy Solutions’s payout ratio is currently 51.11%.

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.