D. E. Shaw & Co. Inc. Invests $3.32 Million in Aris Water Solutions, Inc. (NYSE:ARIS)

D. E. Shaw & Co. Inc. acquired 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 13F filing with the Securities & Exchange Commission. The fund acquired 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 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in Aris Water Solutions in the 4th quarter worth about $5,717,000. Cetera Investment Advisers bought a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $209,000. Centiva Capital LP raised its position in shares of Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company's stock valued at $327,000 after buying an additional 1,368 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Aris Water Solutions by 95.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 185,456 shares of the company's stock valued at $4,442,000 after buying an additional 90,448 shares during the period. Finally, Bank of America Corp DE grew its position in Aris Water Solutions by 71.9% during the fourth quarter. Bank of America Corp DE now owns 143,331 shares of the company's stock worth $3,433,000 after buying an additional 59,972 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ARIS has been the subject of several analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group cut their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Wells Fargo & Company decreased 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aris Water Solutions presently has an average rating of "Hold" and a consensus price target of $26.00.

Insider Transactions at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 32,305 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total transaction of $973,995.75. Following the transaction, the chief operating officer now owns 85,656 shares in the company, valued at approximately $2,582,528.40. The trade was a 27.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the completion of the sale, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. This represents a 12.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,604 shares of company stock worth $29,817,145. Corporate insiders own 37.84% of the company's stock.

Aris Water Solutions Price Performance

NYSE ARIS traded up $0.34 during trading on Thursday, hitting $23.37. 993,434 shares of the company's stock were exchanged, compared to its average volume of 592,773. The company has a market cap of $1.38 billion, a PE ratio of 29.22 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, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The stock's 50 day moving average price is $26.56 and its two-hundred day moving average price is $26.44.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million for 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%. Research analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.40%. Aris Water Solutions's dividend payout ratio (DPR) is presently 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.