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

Cubist Systematic Strategies LLC bought a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 238,699 shares of the company's stock, valued at approximately $5,717,000. Cubist Systematic Strategies LLC owned about 0.41% of Aris Water Solutions at the end of the most recent reporting period.

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

Insider Activity at Aris Water Solutions

In other news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares of the company's stock, valued at $1,781,776.80. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brunt David Dylan Van sold 32,305 shares of Aris Water Solutions stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total value of $973,995.75. Following the transaction, the chief operating officer now owns 85,656 shares in the company, valued at $2,582,528.40. This trade represents a 27.39% decrease in their position. 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 ninety days. Insiders own 37.84% of the company's stock.

Analyst Upgrades and Downgrades

ARIS has been the topic of a number of research analyst reports. StockNews.com raised shares of Aris Water Solutions from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Wells Fargo & Company cut their target price on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday. Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group cut their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $26.00.

Aris Water Solutions Stock Performance

Shares of ARIS traded up $2.24 during trading hours on Monday, reaching $23.78. 947,871 shares of the company traded hands, compared to its average volume of 579,454. Aris Water Solutions, Inc. has a 1-year low of $13.34 and a 1-year 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. The stock has a market cap of $1.39 billion, a P/E ratio of 29.73 and a beta of 1.85. The stock's fifty day moving average is $27.38 and its 200 day moving average is $26.16.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 research 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. Investors of record on Thursday, June 5th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions's dividend payout ratio (DPR) is currently 68.29%.

About Aris Water Solutions

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.