19,061 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP 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 and Exchange Commission (SEC). The fund bought 19,061 shares of the company's stock, valued at approximately $457,000.

Several other hedge funds have also recently added to or reduced their stakes in ARIS. Quarry LP acquired a new stake in shares of Aris Water Solutions in the 4th quarter valued at $27,000. Larson Financial Group LLC bought a new position in Aris Water Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new position in Aris Water Solutions during the 4th quarter valued at about $33,000. Meeder Asset Management Inc. boosted 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 valued at $97,000 after buying an additional 1,726 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Aris Water Solutions by 38.1% during the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock worth $138,000 after buying an additional 1,594 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Trading Down 0.4%

ARIS traded down $0.11 during trading on Wednesday, reaching $23.54. 188,851 shares of the company's stock were exchanged, compared to its average volume of 890,903. The company's fifty day moving average price is $26.68 and its 200-day moving average price is $26.46. The firm has a market capitalization of $1.39 billion, a PE ratio of 29.41 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 company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. The business had revenue of $120.49 million during the quarter, compared to analysts' expectations of $115.72 million. As a group, equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business 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 $0.14 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.38%. Aris Water Solutions's dividend payout ratio (DPR) is presently 68.29%.

Insider Activity at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 32,305 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total transaction of $973,995.75. Following the sale, the chief operating officer now owns 85,656 shares of the company's stock, valued at approximately $2,582,528.40. This trade represents a 27.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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. Insiders have sold 1,070,604 shares of company stock worth $29,817,145 in the last ninety days. Company insiders own 37.84% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ARIS. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. StockNews.com cut Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Wells Fargo & Company reduced their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group lowered their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.00.

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.