Two Sigma Investments LP raised its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 213.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,328 shares of the company's stock after purchasing an additional 73,772 shares during the period. Two Sigma Investments LP owned 0.19% of Aris Water Solutions worth $2,594,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in shares of Aris Water Solutions by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock valued at $262,000 after purchasing an additional 3,554 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth $279,000. Perigon Wealth Management LLC bought a new stake in Aris Water Solutions in the fourth quarter valued at about $320,000. Legato Capital Management LLC lifted its stake in Aris Water Solutions by 7.2% in the fourth quarter. Legato Capital Management LLC now owns 93,186 shares of the company's stock valued at $2,232,000 after buying an additional 6,259 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Aris Water Solutions by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock valued at $806,000 after buying an additional 3,179 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Aris Water Solutions
In related news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, the insider now owns 58,228 shares of the company's stock, valued at approximately $1,781,776.80. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the transaction, the chief accounting officer now owns 44,827 shares of the company's stock, valued at approximately $1,296,396.84. This represents a 18.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,070,604 shares of company stock valued at $29,817,145 in the last ninety days. 37.84% of the stock is currently owned by corporate insiders.
Aris Water Solutions Stock Down 2.5%
Shares of NYSE:ARIS traded down $0.61 during midday trading on Wednesday, reaching $23.51. 445,228 shares of the company were exchanged, compared to its average volume of 605,520. The firm has a market cap of $1.39 billion, a PE ratio of 29.39 and a beta of 1.85. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The stock has a fifty day simple moving average of $24.86 and a two-hundred day simple moving average of $26.46. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. As a group, sell-side analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.
Aris Water Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.38%. Aris Water Solutions's dividend payout ratio is currently 68.29%.
Analyst Upgrades and Downgrades
ARIS has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. The Goldman Sachs Group decreased their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $26.00.
View Our Latest Research Report on ARIS
About Aris Water Solutions
(
Free Report)
Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.
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