PDT Partners LLC Has $3.60 Million Stake in Aris Water Solutions, Inc. $ARIS

Key Points

• PDT Partners LLC increased its stake in Aris Water Solutions by 245.3%, owning 112,347 shares valued at approximately $3.6 million.
• Aris Water Solutions reported a missed earnings estimate, with $0.19 EPS against an expected $0.24, despite revenue exceeding projections at $124.09 million.
• The company announced a quarterly dividend of $0.14 per share, representing a 2.3% dividend yield with a payout ratio of 67.47%.

PDT Partners LLC grew its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 245.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,347 shares of the company's stock after purchasing an additional 79,810 shares during the quarter. PDT Partners LLC owned about 0.19% of Aris Water Solutions worth $3,600,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new position in shares of Aris Water Solutions during the first quarter valued at $39,880,000. First Manhattan CO. LLC. bought a new stake in Aris Water Solutions in the first quarter valued at about $17,313,000. Nuveen LLC bought a new stake in Aris Water Solutions in the first quarter valued at about $11,366,000. American Century Companies Inc. increased its holdings in Aris Water Solutions by 73.0% in the first quarter. American Century Companies Inc. now owns 818,709 shares of the company's stock valued at $26,232,000 after purchasing an additional 345,593 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in Aris Water Solutions by 2,146.0% in the first quarter. Westwood Holdings Group Inc. now owns 310,933 shares of the company's stock valued at $9,962,000 after purchasing an additional 297,089 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Stock Down 1.0%

Shares of NYSE:ARIS traded down $0.23 during mid-day trading on Friday, reaching $23.80. 920,236 shares of the stock were exchanged, compared to its average volume of 1,348,367. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.41 billion, a P/E ratio of 28.67 and a beta of 1.68. Aris Water Solutions, Inc. has a one year low of $14.46 and a one year high of $33.95. The stock's 50 day simple moving average is $22.90 and its 200-day simple moving average is $25.09.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The firm had revenue of $124.09 million for the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. As a group, equities research analysts predict 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 Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.56 annualized dividend and a yield of 2.4%. Aris Water Solutions's dividend payout ratio is 67.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ARIS shares. Zacks Research upgraded Aris Water Solutions from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. JPMorgan Chase & Co. started coverage on Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Capital One Financial downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Wells Fargo & Company set a $27.00 price target on Aris Water Solutions in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Aris Water Solutions currently 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.