Point72 Asset Management L.P. Purchases New Shares in Aris Water Solutions, Inc. (NYSE:ARIS)

Point72 Asset Management L.P. bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 36,800 shares of the company's stock, valued at approximately $881,000. Point72 Asset Management L.P. owned approximately 0.06% of Aris Water Solutions at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its holdings in shares of Aris Water Solutions by 6.1% in the 4th quarter. New York State Common Retirement Fund now owns 115,782 shares of the company's stock valued at $2,773,000 after buying an additional 6,700 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Aris Water Solutions in the 4th quarter valued at approximately $279,000. Principal Financial Group Inc. raised its position in shares of Aris Water Solutions by 10.4% in the 4th quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock valued at $806,000 after purchasing an additional 3,179 shares during the last quarter. Sei Investments Co. raised its position in shares of Aris Water Solutions by 477.2% in the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company's stock valued at $1,439,000 after purchasing an additional 49,690 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Aris Water Solutions in the 4th quarter valued at approximately $229,000. 39.71% of the stock is currently owned by institutional investors.

Insider Transactions at Aris Water Solutions

In related news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, the insider now owns 58,228 shares of the company's stock, valued at approximately $1,781,776.80. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. Insiders have sold 1,070,604 shares of company stock valued at $29,817,145 in the last 90 days. 37.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ARIS shares. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Wells Fargo & Company decreased their price objective 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. 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. Finally, The Goldman Sachs Group decreased 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. One investment 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. Based on data from MarketBeat, Aris Water Solutions currently has an average rating of "Hold" and an average price target of $26.00.

Aris Water Solutions Stock Performance

ARIS traded up $0.50 during trading on Tuesday, reaching $23.85. 357,288 shares of the company's stock were exchanged, compared to its average volume of 593,871. Aris Water Solutions, Inc. has a 1 year low of $13.34 and a 1 year high of $33.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market capitalization of $1.41 billion, a P/E ratio of 29.81 and a beta of 1.85. The company's fifty day simple moving average is $26.15 and its 200-day simple moving average is $26.56.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. The company had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. As a group, research analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid 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 dividend yield of 2.35%. Aris Water Solutions's payout ratio is 68.29%.

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.