Insider Selling: Atlas Energy Solutions Inc. (NYSE:AESI) Major Shareholder Sells 7,500 Shares of Stock

Atlas Energy Solutions Inc. (NYSE:AESI) major shareholder Brian Anthony Leveille sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $24.00, for a total transaction of $180,000.00. Following the completion of the sale, the insider now directly owns 397,010 shares in the company, valued at approximately $9,528,240. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Brian Anthony Leveille also recently made the following trade(s):

• On Thursday, January 2nd, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $23.00, for a total value of $115,000.00.
• On Monday, December 16th, Brian Anthony Leveille sold 5,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.17, for a total value of $115,850.00.
• On Tuesday, December 3rd, Brian Anthony Leveille sold 12,500 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $23.95, for a total transaction of $299,375.00.
• On Monday, November 25th, Brian Anthony Leveille sold 30,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $24.02, for a total transaction of $720,600.00.
• On Thursday, November 21st, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.50, for a total transaction of $215,000.00.
• On Monday, November 18th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $20.70, for a total transaction of $207,000.00.
• On Wednesday, November 6th, Brian Anthony Leveille sold 20,000 shares of Atlas Energy Solutions stock. The stock was sold at an average price of $21.39, for a total value of $427,800.00.
• On Tuesday, October 29th, Brian Anthony Leveille sold 10,000 shares of Atlas Energy Solutions stock. The shares were sold at an average price of $21.02, for a total value of $210,200.00.

Atlas Energy Solutions Stock Performance

Shares of NYSE:AESI traded up $0.36 during trading on Friday, reaching $24.99. 205,461 shares of the stock were exchanged, compared to its average volume of 792,135. The firm has a market cap of $2.75 billion, a PE ratio of 31.67, a PEG ratio of 5.55 and a beta of 1.03. The stock has a 50-day moving average price of $22.37 and a 200-day moving average price of $21.25. The company has a current ratio of 1.23, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Atlas Energy Solutions Inc. has a 12 month low of $16.15 and a 12 month high of $25.19.

Atlas Energy Solutions (NYSE:AESI) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.25). Atlas Energy Solutions had a return on equity of 11.01% and a net margin of 8.78%. The company had revenue of $304.40 million for the quarter, compared to analyst estimates of $307.93 million. During the same period in the prior year, the company earned $0.51 EPS. The company’s quarterly revenue was up 93.1% compared to the same quarter last year. Research analysts expect that Atlas Energy Solutions Inc. will post 0.87 EPS for the current fiscal year.

Atlas Energy Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, November 7th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, November 7th. This is a positive change from Atlas Energy Solutions’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.84%. Atlas Energy Solutions’s payout ratio is 121.52%.

Institutional Trading of Atlas Energy Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Atlas Energy Solutions by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,696,418 shares of the company’s stock valued at $53,740,000 after purchasing an additional 30,082 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in Atlas Energy Solutions by 19.8% in the third quarter. Copeland Capital Management LLC now owns 1,884,032 shares of the company’s stock valued at $41,072,000 after buying an additional 311,228 shares during the period. State Street Corp lifted its holdings in Atlas Energy Solutions by 15.0% in the third quarter. State Street Corp now owns 1,751,059 shares of the company’s stock valued at $38,173,000 after buying an additional 227,776 shares during the period. Geode Capital Management LLC boosted its position in Atlas Energy Solutions by 3.9% during the third quarter. Geode Capital Management LLC now owns 1,448,340 shares of the company’s stock valued at $31,579,000 after acquiring an additional 54,321 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in Atlas Energy Solutions by 25.8% during the 2nd quarter. Evergreen Capital Management LLC now owns 1,085,729 shares of the company’s stock worth $21,639,000 after acquiring an additional 222,890 shares during the period. Institutional investors and hedge funds own 34.59% of the company’s stock.

Analysts Set New Price Targets

AESI has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Atlas Energy Solutions in a research report on Wednesday, October 30th. Barclays lowered shares of Atlas Energy Solutions from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $23.00 to $19.00 in a research note on Tuesday, November 12th. Bank of America reissued a “neutral” rating and set a $22.50 price objective on shares of Atlas Energy Solutions in a research report on Monday. Citigroup cut shares of Atlas Energy Solutions from a “buy” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $22.00 in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group initiated coverage on Atlas Energy Solutions in a report on Friday, December 13th. They set a “neutral” rating and a $23.00 target price for the company. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Atlas Energy Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

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.