Schonfeld Strategic Advisors LLC Buys New Shares in Aris Water Solutions, Inc. (NYSE:ARIS)

Schonfeld Strategic Advisors LLC bought a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,300 shares of the company's stock, valued at approximately $414,000.

A number of other institutional investors have also modified their holdings of the stock. Quarry LP acquired a new position in Aris Water Solutions during the 4th quarter worth approximately $27,000. Larson Financial Group LLC purchased a new stake in shares of Aris Water Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions during the fourth quarter worth $33,000. Meeder Asset Management Inc. raised its position in Aris Water Solutions by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock worth $97,000 after acquiring an additional 1,726 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Aris Water Solutions by 38.1% in the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock worth $138,000 after acquiring an additional 1,594 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Price Performance

Shares of ARIS traded down $0.21 during trading hours on Friday, reaching $23.10. 107,339 shares of the company traded hands, compared to its average volume of 885,772. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.35 billion, a PE ratio of 28.88 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 $27.08 and a 200 day simple moving average of $26.25.

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, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. As a group, research analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.42%. Aris Water Solutions's dividend payout ratio (DPR) is currently 68.29%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a report on Monday. Wells Fargo & Company dropped their price target 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. StockNews.com lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, The Goldman Sachs Group lowered their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $26.00.

Insiders Place Their Bets

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was 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 directly owns 44,827 shares in the company, valued at approximately $1,296,396.84. This represents a 18.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Company insiders own 37.84% of the company's stock.

Aris Water Solutions Company Profile

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.