Expect Equity LLC Purchases New Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Expect Equity LLC acquired a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,062 shares of the company's stock, valued at approximately $888,000. Expect Equity LLC owned about 0.06% of Aris Water Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of Aris Water Solutions in the fourth quarter valued at $29,663,000. Whittier Trust Co. lifted its holdings in shares of Aris Water Solutions by 70,079.1% in the fourth quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock valued at $8,370,000 after purchasing an additional 348,994 shares in the last quarter. NBW Capital LLC lifted its holdings in shares of Aris Water Solutions by 1,191.8% in the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company's stock valued at $6,307,000 after purchasing an additional 242,939 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Aris Water Solutions in the fourth quarter valued at $5,717,000. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in shares of Aris Water Solutions during the fourth quarter worth $5,492,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Stock Up 4.7%

Aris Water Solutions stock traded up $0.98 during mid-day trading on Friday, hitting $21.79. 735,572 shares of the company's stock were exchanged, compared to its average volume of 577,974. 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 stock has a market cap of $1.27 billion, a P/E ratio of 27.24 and a beta of 1.85. Aris Water Solutions, Inc. has a 1-year low of $13.34 and a 1-year high of $33.95. The stock has a 50 day moving average of $27.38 and a two-hundred day moving average of $26.16.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its 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. The firm had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. As a group, analysts anticipate that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions's payout ratio is 68.29%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ARIS shares. The Goldman Sachs Group cut their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday. Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. StockNews.com upgraded Aris Water Solutions from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company cut their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions currently has a consensus rating of "Hold" and an average target price of $26.00.

Insiders Place Their Bets

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction dated Wednesday, March 12th. The stock was 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 owns 58,228 shares in the company, valued at $1,781,776.80. The trade was a 12.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,070,604 shares of company stock valued at $29,817,145 over the last three months. 37.84% of the stock is currently owned by insiders.

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.