Mackenzie Financial Corp Buys New Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Mackenzie Financial Corp bought a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,259 shares of the company's stock, valued at approximately $533,000.

Several other hedge funds have also recently added to or reduced their stakes in ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Aris Water Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock worth $365,000 after purchasing an additional 557 shares during the last quarter. Quarry LP acquired a new position in Aris Water Solutions in the fourth quarter valued at about $27,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in Aris Water Solutions during the fourth quarter worth about $33,000. Finally, Centiva Capital LP increased its holdings in shares of Aris Water Solutions by 11.1% during the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company's stock worth $327,000 after buying an additional 1,368 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 32,305 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total transaction of $973,995.75. Following the sale, the chief operating officer now owns 85,656 shares in the company, valued at $2,582,528.40. This trade represents a 27.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the sale, the chief accounting officer now owns 44,827 shares of the company's stock, valued at approximately $1,296,396.84. This represents a 18.24% decrease in their ownership of the stock. 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 in the last quarter. Insiders own 37.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price target on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group reduced their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $26.00.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS traded up $0.63 during trading on Thursday, hitting $23.96. 501,460 shares of the company were exchanged, compared to its average volume of 605,265. The business's 50 day moving average is $24.86 and its 200-day moving average is $26.46. Aris Water Solutions, Inc. has a 1-year low of $13.34 and a 1-year high of $33.95. The company has a market capitalization of $1.42 billion, a P/E ratio of 29.98 and a beta of 1.70. 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 (NYSE:ARIS - Get Free Report) last issued 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 firm had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. Equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 dividend on an annualized basis and a yield of 2.34%. 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.