BNP Paribas Financial Markets Acquires Shares of 12,803 Aris Water Solutions, Inc. (NYSE:ARIS)

BNP Paribas Financial Markets bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,803 shares of the company's stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ARIS. SG Americas Securities LLC raised its holdings in shares of Aris Water Solutions by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after purchasing an additional 3,554 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth $279,000. Perigon Wealth Management LLC acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth $320,000. Legato Capital Management LLC raised its holdings in shares of Aris Water Solutions by 7.2% during the fourth quarter. Legato Capital Management LLC now owns 93,186 shares of the company's stock worth $2,232,000 after purchasing an additional 6,259 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Aris Water Solutions by 10.4% during the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock worth $806,000 after purchasing an additional 3,179 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Stock Performance

Shares of Aris Water Solutions stock traded down $0.53 during trading on Friday, hitting $22.08. 977,918 shares of the stock were exchanged, compared to its average volume of 602,449. The stock's fifty day moving average is $25.40 and its 200 day moving average is $26.51. The stock has a market cap of $1.31 billion, a PE ratio of 27.60 and a beta of 1.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a 12 month low of $13.34 and a 12 month high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its earnings results 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. The firm had revenue of $120.49 million during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business 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 $0.14 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.54%. Aris Water Solutions's dividend payout ratio is presently 68.29%.

Insider Activity at Aris Water Solutions

In other news, CAO Jeffrey K. Hunt sold 10,000 shares of the firm'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 completion of the transaction, the chief accounting officer now owns 44,827 shares in the company, valued at approximately $1,296,396.84. This trade represents a 18.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were 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. Insiders sold 1,070,604 shares of company stock worth $29,817,145 in the last 90 days. Corporate insiders own 37.84% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. 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 on the stock in a report on Thursday, May 8th. 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 on the stock in a report on Thursday, May 8th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Finally, Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Aris Water Solutions currently has a consensus rating of "Hold" and a consensus price target of $26.00.

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.