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

Point72 Asset Management L.P. bought a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its position in Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after acquiring an additional 3,554 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Aris Water Solutions during the 4th quarter worth about $279,000. Perigon Wealth Management LLC bought a new stake in Aris Water Solutions during the 4th quarter worth about $320,000. Legato Capital Management LLC increased its position in Aris Water Solutions by 7.2% in the 4th quarter. Legato Capital Management LLC now owns 93,186 shares of the company's stock valued at $2,232,000 after acquiring an additional 6,259 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Aris Water Solutions by 10.4% during the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock worth $806,000 after purchasing an additional 3,179 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ARIS. Wells Fargo & Company lowered 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 report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on 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 Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Finally, Citigroup restated 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $26.00.

Insider Activity

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the completion of the sale, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. This represents a 12.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,070,604 shares of company stock worth $29,817,145 in the last 90 days. Corporate insiders own 37.84% of the company's stock.

Aris Water Solutions Trading Down 0.8%

Shares of ARIS stock traded down $0.20 on Wednesday, reaching $23.65. The company had a trading volume of 150,971 shares, compared to its average volume of 593,217. The company has a 50-day moving average of $25.99 and a 200-day moving average of $26.54. Aris Water Solutions, Inc. has a 12 month low of $13.34 and a 12 month high of $33.95. The stock has a market cap of $1.40 billion, a PE ratio of 29.60 and a beta of 1.85. The company has a current ratio of 1.72, a quick 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 data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. The business had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. On average, equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions's dividend payout ratio is currently 68.29%.

About Aris Water Solutions

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.