Raymond James Financial Inc. Takes Position in Atlas Energy Solutions Inc. (NYSE:AESI)

Raymond James Financial Inc. acquired a new position in Atlas Energy Solutions Inc. (NYSE:AESI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 99,330 shares of the company’s stock, valued at approximately $2,203,000. Raymond James Financial Inc. owned approximately 0.09% of Atlas Energy Solutions as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Atlas Energy Solutions by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,931 shares of the company’s stock worth $979,000 after acquiring an additional 711 shares during the period. Wilmington Savings Fund Society FSB grew its position in Atlas Energy Solutions by 8.0% in the 4th 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. Global Retirement Partners LLC raised its stake in Atlas Energy Solutions by 191.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,941 shares of the company’s stock valued at $43,000 after buying an additional 1,276 shares during the last quarter. FMR LLC lifted its holdings in shares of Atlas Energy Solutions by 101.0% during the 3rd quarter. FMR LLC now owns 2,696 shares of the company’s stock valued at $59,000 after buying an additional 1,355 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Atlas Energy Solutions by 55.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,745 shares of the company’s stock worth $125,000 after buying an additional 2,043 shares during the last quarter. Hedge funds and other institutional investors own 34.59% of the company’s stock.

Insider Activity

In related news, major shareholder Gregory M. Shepard acquired 32,155 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $19.04 per share, with a total value of $612,231.20. Following the acquisition, the insider now directly owns 7,651,210 shares of the company’s stock, valued at approximately $145,679,038.40. This trade represents a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Brian Anthony Leveille sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $23.00, for a total value of $115,000.00. Following the completion of the sale, the insider now owns 404,510 shares in the company, valued at $9,303,730. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $1,164,750 over the last quarter. Insiders own 24.34% of the company’s stock.

Atlas Energy Solutions Stock Down 1.7 %

AESI opened at $17.77 on Monday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 22.49 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.23. The firm’s fifty day moving average is $20.48 and its 200 day moving average is $21.33. Atlas Energy Solutions Inc. has a fifty-two week low of $16.98 and a fifty-two week high of $26.86.

Atlas Energy Solutions (NYSE:AESI) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). Atlas Energy Solutions had a net margin of 8.78% and a return on equity of 11.01%. The business had revenue of $271.34 million during the quarter, compared to analysts’ expectations of $272.94 million. On average, sell-side analysts forecast that Atlas Energy Solutions Inc. will post 0.83 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 Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.25 per share. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend was Friday, February 21st. Atlas Energy Solutions’s dividend payout ratio (DPR) is 178.57%.

Analyst Ratings Changes

A number of research analysts have weighed in on AESI shares. Stephens increased their target price on Atlas Energy Solutions from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, January 28th. Bank of America reiterated a “neutral” rating and issued a $22.50 price objective on shares of Atlas Energy Solutions in a research note on Monday, January 13th. Royal Bank of Canada cut their target price on shares of Atlas Energy Solutions from $28.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Barclays decreased their price target on shares of Atlas Energy Solutions from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Raymond James downgraded shares of Atlas Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.83.

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.