Greenleaf Trust Sells 92,804 Shares of Atlas Energy Solutions Inc. (NYSE:AESI)

Greenleaf Trust trimmed its position in shares of Atlas Energy Solutions Inc. (NYSE:AESI) by 76.1% during the 4th quarter, HoldingsChannel.com reports. The fund 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 SEC filing.

Other large investors have also bought and sold shares of the company. Tucker Asset Management LLC bought a new stake in Atlas Energy Solutions during the 3rd quarter valued at approximately $49,000. DekaBank Deutsche Girozentrale bought a new stake in Atlas Energy Solutions during the 3rd quarter valued at approximately $81,000. PNC Financial Services Group Inc. boosted its position in Atlas Energy Solutions by 1,328.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,571 shares of the company’s stock valued at $124,000 after acquiring an additional 5,181 shares in the last quarter. Barclays PLC boosted its position in 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 acquiring an additional 2,654 shares in the last quarter. Finally, Wealthsource Partners LLC bought a new stake in Atlas Energy Solutions during the 4th quarter valued at approximately $172,000. 34.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AESI has been the topic of several research reports. Raymond James lifted their price objective on Atlas Energy Solutions from $26.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 16th. Barclays lifted their target price 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. The Goldman Sachs Group began coverage on shares of Atlas Energy Solutions in a report on Thursday, March 14th. They set a “buy” rating and a $24.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on shares of Atlas Energy Solutions from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $25.17.

Atlas Energy Solutions Price Performance

Shares of NYSE AESI opened at $22.28 on Tuesday. Atlas Energy Solutions Inc. has a twelve month low of $15.28 and a twelve month high of $24.69. The firm has a market cap of $2.23 billion and a P/E ratio of 14.19. The company has a 50 day moving average of $21.08 and a 200 day moving average of $18.91. The company has a quick ratio of 3.21, a current ratio of 3.44 and a debt-to-equity ratio of 0.20.

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

Atlas Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 22nd were issued a $0.21 dividend. 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 presently 40.76%.

Insider Buying and Selling

In related news, CFO John Gregory Turner sold 3,728 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $22.58, for a total value of $84,178.24. Following the completion of the transaction, the chief financial officer now directly owns 1,582,303 shares in the company, valued at approximately $35,728,401.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Atlas Energy Solutions news, CFO John Gregory Turner sold 3,728 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $22.58, for a total transaction of $84,178.24. Following the completion of the sale, the chief financial officer now directly owns 1,582,303 shares in the company, valued at approximately $35,728,401.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Stacy Hock sold 50,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $19.97, for a total transaction of $998,500.00. Following the sale, the insider now 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 worth $5,332,121 in the last three months. 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.