Cubist Systematic Strategies LLC Invests $5.72 Million in Aris Water Solutions, Inc. (NYSE:ARIS)

Cubist Systematic Strategies LLC purchased a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 238,699 shares of the company's stock, valued at approximately $5,717,000. Cubist Systematic Strategies LLC owned approximately 0.41% of Aris Water Solutions at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased 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 valued at $6,783,000 after purchasing an additional 216,158 shares in the last quarter. Barclays PLC grew its holdings in Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company's stock worth $592,000 after acquiring an additional 25,790 shares during the period. New York State Common Retirement Fund raised its position in shares of Aris Water Solutions by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 115,782 shares of the company's stock valued at $2,773,000 after acquiring an additional 6,700 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Aris Water Solutions during the 4th quarter valued at $279,000. Finally, Principal Financial Group Inc. raised its position in shares of Aris Water Solutions by 10.4% during the 4th quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock valued at $806,000 after acquiring an additional 3,179 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. 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 report on Thursday, May 8th. StockNews.com cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of 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 reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price target for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Aris Water Solutions has a consensus rating of "Hold" and an average target price of $26.00.

Insider Activity

In related news, insider Nicholas A. Patterson sold 8,299 shares of the business's stock in a transaction 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 sale, the insider now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Brunt David Dylan Van sold 32,305 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total transaction of $973,995.75. Following the completion of the sale, the chief operating officer now directly owns 85,656 shares in the company, valued at $2,582,528.40. This represents a 27.39% 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 quarter. Company insiders own 37.84% of the company's stock.

Aris Water Solutions Trading Down 3.1%

Shares of ARIS stock traded down $0.76 on Wednesday, hitting $23.57. The stock had a trading volume of 237,715 shares, compared to its average volume of 891,180. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95. The firm has a market cap of $1.38 billion, a P/E ratio of 29.46 and a beta of 1.85. 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 company has a fifty day moving average price of $27.24 and a two-hundred day moving average price of $26.21.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced 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. 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 analyst estimates of $115.72 million. As a group, analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions's dividend payout ratio (DPR) is 68.29%.

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.