Mackenzie Financial Corp Makes New $533,000 Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Mackenzie Financial Corp purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 22,259 shares of the company's stock, valued at approximately $533,000.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Aris Water Solutions in the 4th quarter worth about $29,663,000. Whittier Trust Co. raised its position in Aris Water Solutions by 70,079.1% in the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock worth $8,370,000 after buying an additional 348,994 shares during the last quarter. NBW Capital LLC increased its position in shares of Aris Water Solutions by 1,191.8% during the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company's stock valued at $6,307,000 after purchasing an additional 242,939 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $5,717,000. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $5,492,000. 39.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 32,305 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total value of $973,995.75. Following the completion of the transaction, the chief operating officer now directly owns 85,656 shares in the company, valued at $2,582,528.40. This represents a 27.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was 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. Insiders sold a total of 1,070,604 shares of company stock worth $29,817,145 over the last three months. 37.84% of the stock is currently owned by company insiders.

Aris Water Solutions Price Performance

Shares of ARIS traded up $0.87 during mid-day trading on Friday, reaching $24.72. The stock had a trading volume of 537,714 shares, compared to its average volume of 608,218. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 30.90 and a beta of 1.70. Aris Water Solutions, Inc. has a 12 month low of $13.34 and a 12 month high of $33.95. The business has a fifty day moving average of $24.54 and a 200 day moving average of $26.46. 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 (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The business 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%. Equities analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders 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 dividend yield of 2.27%. Aris Water Solutions's payout ratio is currently 68.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ARIS shares. The Goldman Sachs Group reduced their price target 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. 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. Wells Fargo & Company reduced 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. Finally, Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. One equities 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $26.00.

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.