Cubist Systematic Strategies LLC Decreases Holdings in Aris Water Solutions, Inc. $ARIS

Key Points

• Cubist Systematic Strategies LLC significantly reduced its holdings in Aris Water Solutions by 67.5% during Q1, now owning approximately 0.13% of the company valued at $2.48 million.
• Other institutional investors have increased their stakes, with Comerica Bank raising its holdings by 64.4% and Harbour Investments Inc. increasing theirs by 478.2% during the same period.
• Aris Water Solutions reported a missed earnings estimate of $0.19 EPS for the last quarter against a consensus of $0.24, despite achieving revenues of $124.09 million which surpassed expectations.

Cubist Systematic Strategies LLC trimmed its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 67.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,565 shares of the company's stock after selling 161,134 shares during the period. Cubist Systematic Strategies LLC owned about 0.13% of Aris Water Solutions worth $2,485,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Comerica Bank raised its holdings in shares of Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $41,000 after buying an additional 495 shares in the last quarter. Harbour Investments Inc. grew its position in Aris Water Solutions by 478.2% during the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after acquiring an additional 1,272 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions during the 4th quarter worth approximately $52,000. CWM LLC grew its position in Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after acquiring an additional 1,444 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Aris Water Solutions by 3,062.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock worth $119,000 after acquiring an additional 3,522 shares during the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Price Performance

NYSE:ARIS opened at $23.80 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.41 billion, a P/E ratio of 28.67 and a beta of 1.68. Aris Water Solutions, Inc. has a 12 month low of $14.46 and a 12 month high of $33.95. The business's 50-day moving average is $22.90 and its 200 day moving average is $25.09.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The firm had revenue of $124.09 million during the quarter, compared to analysts' expectations of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. On average, equities research analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.4%. Aris Water Solutions's dividend payout ratio is 67.47%.

Wall Street Analyst Weigh In

ARIS has been the topic of a number of recent analyst reports. Zacks Research upgraded Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Evercore ISI decreased their price target on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a research note on Monday, August 18th. Capital One Financial lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Wells Fargo & Company set a $27.00 price objective on Aris Water Solutions in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.50.

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.

Want to see what other hedge funds are holding ARIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aris Water Solutions, Inc. (NYSE:ARIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.