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

Balyasny Asset Management L.P. boosted its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 95.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,456 shares of the company's stock after buying an additional 90,448 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.32% of Aris Water Solutions worth $4,442,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Aris Water Solutions during the 4th quarter worth about $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. Bridge City Capital LLC lifted its holdings in Aris Water Solutions by 0.8% during the 4th quarter. Bridge City Capital LLC now owns 201,740 shares of the company's stock valued at $4,832,000 after purchasing an additional 1,556 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Aris Water Solutions by 38.1% during the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after purchasing an additional 1,594 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ARIS. Wells Fargo & Company cut their price target on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. StockNews.com downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday. The Goldman Sachs Group dropped their target price on shares of 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. Finally, Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research note on Monday. One equities research 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $26.00.

Aris Water Solutions Trading Up 0.5%

Shares of NYSE:ARIS traded up $0.13 during trading on Friday, hitting $23.44. 200,547 shares of the company's stock were exchanged, compared to its average volume of 580,037. Aris Water Solutions, Inc. has a 1-year low of $13.34 and a 1-year high of $33.95. The firm has a 50-day moving average price of $27.08 and a two-hundred day moving average price of $26.25. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.37 billion, a P/E ratio of 29.29 and a beta of 1.85.

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

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Insider Activity at Aris Water Solutions

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the business'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 transaction of $289,200.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,070,604 shares of company stock worth $29,817,145. 37.84% of the stock is currently owned by company insiders.

Aris Water Solutions 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.