D. E. Shaw & Co. Inc. Buys Shares of 138,778 Aris Water Solutions, Inc. (NYSE:ARIS)

D. E. Shaw & Co. Inc. purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 138,778 shares of the company's stock, valued at approximately $3,324,000. D. E. Shaw & Co. Inc. owned 0.24% of Aris Water Solutions at the end of the most recent quarter.

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

Analyst Ratings Changes

ARIS has been the subject of several recent analyst reports. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Wells Fargo & Company dropped 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 research report on Thursday, May 8th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Finally, The Goldman Sachs Group decreased 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, May 8th. 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 company's stock. According to data from MarketBeat.com, Aris Water Solutions has an average rating of "Hold" and a consensus target price of $26.00.

Aris Water Solutions Stock Down 0.2%

Shares of ARIS stock traded down $0.05 on Friday, hitting $23.35. The stock had a trading volume of 624,302 shares, compared to its average volume of 594,781. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95. The business has a 50 day moving average price of $26.33 and a 200 day moving average price of $26.53. The company has a market cap of $1.38 billion, a PE ratio of 29.19 and a beta of 1.85.

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 for the quarter, topping the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. The firm had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.40%. Aris Water Solutions's payout ratio is 68.29%.

Insider Activity at Aris Water Solutions

In other news, CAO Jeffrey K. Hunt sold 10,000 shares of Aris Water Solutions stock in a transaction on 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 sale, the chief accounting officer now directly owns 44,827 shares of the company's stock, valued at approximately $1,296,396.84. The trade was a 18.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. 37.84% of the stock is owned by company insiders.

Aris Water Solutions 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.