Balyasny Asset Management L.P. Purchases 90,448 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Balyasny Asset Management L.P. boosted its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 95.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 185,456 shares of the company's stock after acquiring an additional 90,448 shares during the period. Balyasny Asset Management L.P. owned 0.32% of Aris Water Solutions worth $4,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Aris Water Solutions by 3.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock valued at $65,218,000 after acquiring an additional 81,413 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Aris Water Solutions in the fourth quarter worth $29,663,000. Wellington Management Group LLP increased its position in Aris Water Solutions by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after buying an additional 9,395 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Aris Water Solutions by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock worth $15,357,000 after buying an additional 8,844 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Aris Water Solutions by 116.3% in the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock worth $6,783,000 after acquiring an additional 216,158 shares during the period. Institutional investors own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ARIS shares. The Goldman Sachs Group cut their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research note on Monday. Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, StockNews.com downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions currently has an average rating of "Hold" and an average price target of $26.00.

Aris Water Solutions Trading Down 3.0%

ARIS traded down $0.74 during midday trading on Wednesday, reaching $23.59. 758,848 shares of the company's stock traded hands, compared to its average volume of 580,918. The firm has a fifty day moving average of $27.24 and a two-hundred day moving average of $26.21. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 29.49 and a beta of 1.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions, Inc. has a 52 week low of $13.34 and a 52 week high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share 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 firm had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. On average, equities analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.37%. Aris Water Solutions's dividend payout ratio (DPR) is 68.29%.

Insiders Place Their Bets

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the transaction, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. This trade represents a 12.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,070,604 shares of company stock worth $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.