CJS Securities initiated coverage of Atlas Technical Consultants with a rating of Market Outperform

Johnson Rice initiated coverage of Atlas Technical Consultants with a rating of Buy and set a new price target of $13.00

AUSTIN, Texas, April 19, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants (Atlas), a leading provider of infrastructure and environmental solutions, today announced the completion of its acquisition by GI Partners, a private investment firm, in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. The agreement to be acquired was previously announced on January 31, 2023 and approved by Atlas stockholders at Atlas' Special Meeting of Stockholders held on March 29, 2023. With the completion of the transaction, Atlas stockholders will receive $12.25 per share in cash for each share of Atlas common stock they owned, which represents a premium of approx

- 19% Full Year Adjusted EBITDA Growth - - 7% Full Year Organic Revenue Growth - - Acquisition by GI Partners for $12.25 per share remains on track to close in Second Quarter 2023 - AUSTIN, Texas, March 16, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading infrastructure and environmental services provider, announced today results for the fourth quarter and full year ended December 30, 2022. Fourth Quarter 2022 Highlights:(all comparisons versus the prior-year period unless otherwise noted) Gross revenue grew 4% to $151.0 mill

AUSTIN, Texas, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading Infrastructure and Environmental solutions provider, announced that it has been awarded a program management services contract by the East Baton Rouge Parish Recreation and Parks Commission (BREC), the agency that manages parks and recreational facilities in East Baton Rouge Parish, Louisiana, to provide project management services on capital improvement projects with a total construction value of roughly $100 million. Atlas' portion of the contract has an initial value of approximately $6 million with a three-year term and the option for two, two-year exte

Follows Successful Execution of Bernhard Capital's Blueprint Investment Approach BATON ROUGE, La., Jan. 31, 2023 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital" or "BCP"), an infrastructure and services-focused private equity management firm, announced today that BCP Fund I portfolio company Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading provider of infrastructure and environmental solutions, has entered into a definitive agreement to be acquired by private investment firm GI Partners in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. Under the terms of the transaction, Atlas shareholders will rec

AUSTIN, Texas, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading provider of infrastructure and environmental solutions, today announced that it has entered into a definitive agreement to be acquired by private investment firm GI Partners in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. Under the terms of the transaction, Atlas shareholders will receive $12.25 per share in cash, which represents a premium of approximately 124% over the Company's unaffected closing share price of $5.47 on January 30, 2023. Upon completion of the transaction, Atlas' shares will no longer trade

AUSTIN, Texas, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading Infrastructure and Environmental solutions provider, announced that it has been awarded a three-year, $21 million contract extension to provide Construction Materials Testing (CMT) on the Spent Fuel Handling Recapitalization Project at the Naval Nuclear Laboratory. Under the contract with Fluor Marine Propulsion, LLC, which manages the Naval Nuclear Laboratory, Atlas is designated as the Independent Testing Agency ensuring that concrete materials used at the site meet proper Nuclear Quality Assurance (NQA-1) standards. Atlas engineers and technical sta

AUSTIN, Texas, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading Infrastructure and Environmental solutions provider, announced today that it was selected by the Georgia Department of Transportation's (GDOT) Railroad Safety Program to provide Engineering & Design and Environmental services related to rail crossings owned by one of the largest Class 1 rail operators in the state. The contract has a maximum value of $15 million with an initial term of three years, and an option for a two-year extension. GDOT's Railroad Safety Program mission is to identify, reduce and eliminate hazards at at-grade railroad crossings throu

AUSTIN, Texas, Jan. 05, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading Infrastructure and Environmental services provider, announced that L. Joe Boyer, Chief Executive Officer, and Jonathan Parnell, Chief Strategy Officer will participate in the CJS Securities 23rd Annual New Ideas for the New Year Conference, which is being held virtually, on Wednesday, January 11, 2023. Atlas's presentation at the event will begin at 3:05 PM Eastern time. The live presentation can be accessed here or through the Company's Investor Relations website at ir.oneatlas.com. About Atlas Technical ConsultantsHeadquartered in Austin, Texas, Atl

As part of the AECOM-led joint venture, Atlas will provide quality management for the California High-Speed Rail Project Atlas to book approximately $65 million to backlog in fourth quarter 2022 AUSTIN, Texas, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading Infrastructure and Environmental solutions provider, announced today that it is a member of the joint venture team that was selected to provide program delivery support for the California High-Speed Rail project. The joint venture, led by AECOM, includes Atlas, other partners and 26 small businesses, disadvantaged business enterprises, and disabled veteran busines

AUSTIN, Texas, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading Infrastructure and Environmental solutions provider, announced today that it was awarded a $5 million contract to provide Environmental and Quality Assurance Services to the Washington State Department of Transportation. Atlas' technical staff will support WSDOT in its efforts to remove fish barriers and improve fish migration patterns in streams and rivers across the state. Following a Federal culvert injunction, initially issued in 2013, Washington state has been working to remove culverts in areas where highways and roads cross streams and rivers. Atlas

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) Perma-Fix Environmental, during November, posted a decline in quarterly earnings. The company is expected to report Q4 res

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Kimball International, Inc. (NASDAQ:KBAL) HNI Corporation announced it will acquire Kimball International for $485 million. The company’s stock has a 52-week high of $12.63 .

Upgrades According to Alembic Global, the prior rating for Woodward Inc (NASDAQ:WWD) was changed from Neutral to Overweight. Woodward earned $0.49 in the first quarter, compared to $0.56 in the year-ago quarter. The stock has a 52-week-high of $129.12 and a 52-week-low of $79.26. At the end of the last trading period, Woodward closed at $102.26. For TransUnion (NYSE:TRU), B of A Securities upgraded the previous rating of Neutral to Buy. For the third quarter, TransUnion had an EPS of $0.93, compared to year-ago quarter EPS of $1.01. The current stock performance of TransUnion shows a 52-week-high of $105.23 and a 52-week-low of $50.32. Moreover, at the end of the last trading period, the

Lake Street analyst Rob Brown downgrades Atlas Technical (NASDAQ:ATCX) from Buy to Hold and announces $12.25 price target.

Stifel analyst Noelle Dilts downgrades Atlas Technical (NASDAQ:ATCX) from Buy to Hold and raises the price target from $7.5 to $12.25.

Follows Successful Execution of Bernhard Capital's Blueprint Investment Approach BATON ROUGE, La., Jan. 31, 2023 /PRNewswire/ -- Bernhard Capital Partners ("Bernhard Capital" or "BCP"), an infrastructure and services-focused private equity management firm, announced today that BCP Fund I portfolio company Atlas Technical Consultants, Inc. (NASDAQ:ATCX) ("Atlas" or the "Company"), a leading provider of infrastructure and environmental solutions, has entered into a definitive agreement to be acquired by private investment firm GI Partners in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. Under the terms of the transaction, Atlas shareholders will r

U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining more than 200 points on Tuesday. The Dow traded up 0.63% to 33,931.13 while the NASDAQ rose 1.20% to 11,529.99. The S&P 500 also rose, gaining, 0.93% to 4,055.00. Check This Out: Over $5M Bet On Uber Technologies? Check Out These 4 Stocks Insiders Are Buying  Leading and Lagging Sectors Materials shares rose by 1.7% on Tuesday. Meanwhile, top gainers in the sector included Lithium Americas Corp. (NYSE:LAC), up 14%, and International Paper Company (NYSE:IP), up 10%. In trading on Tuesday, utilities shares fell by 0.4%.  Top Headline Pfizer Inc (NYSE:PFE) posted upbeat earnings for its fourth quarter, b

Atlas Technical Consultants Inc (NASDAQ:ATCX) has agreed to be acquired by private investment firm GI Partners in an all-cash transaction valued at approximately $1.05 billion, including outstanding debt. Under the terms of the transaction, Atlas shareholders will receive $12.25 per share in cash, representing a premium of 124% over the company's closing share price of $5.47 on Jan. 30, 2023. Upon completion of the transaction, Atlas' shares will no longer trade on Nasdaq and it will become a private company. "We are pleased to have reached this agreement with GI Partners, which we believe will deliver immediate and certain cash value to Atlas shareholders at a significant premium," sai

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