Expect Equity LLC Invests $888,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Expect Equity LLC purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 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 SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP bought a new position in Aris Water Solutions in the 4th quarter valued at $27,000. Larson Financial Group LLC bought a new position in Aris Water Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in Aris Water Solutions in the 4th quarter valued at $33,000. Centiva Capital LP boosted its holdings in Aris Water Solutions by 11.1% in the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company's stock valued at $327,000 after purchasing an additional 1,368 shares during the period. Finally, Bridge City Capital LLC boosted its holdings in Aris Water Solutions by 0.8% in 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 period. 39.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. 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. Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. The Goldman Sachs Group lowered their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday. Finally, StockNews.com cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday. One 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 stock. According to data from MarketBeat.com, Aris Water Solutions has a consensus rating of "Hold" and a consensus target price of $26.00.

Insider Activity

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the sale, the chief accounting officer now owns 44,827 shares of the company's stock, valued at $1,296,396.84. The trade was a 18.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. Corporate insiders own 37.84% of the company's stock.

Aris Water Solutions Trading Down 2.5%

Shares of ARIS stock traded down $0.62 during mid-day trading on Wednesday, reaching $23.71. The stock had a trading volume of 307,262 shares, compared to its average volume of 579,323. The stock's 50-day moving average price is $27.24 and its two-hundred day moving average price is $26.21. Aris Water Solutions, Inc. has a 52-week low of $13.34 and a 52-week high of $33.95. The firm has a market capitalization of $1.39 billion, a PE ratio of 29.64 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.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released 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 firm had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. Equities analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions's payout ratio 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.