Squarepoint Ops LLC Purchases New Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Squarepoint Ops LLC 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 filing with the Securities & Exchange Commission. The fund bought 65,516 shares of the company's stock, valued at approximately $1,569,000. Squarepoint Ops LLC owned about 0.11% of Aris Water Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Two Sigma Advisers LP acquired a new stake in Aris Water Solutions in the fourth quarter worth about $220,000. Two Sigma Investments LP lifted its holdings in shares of Aris Water Solutions by 213.5% during the fourth quarter. Two Sigma Investments LP now owns 108,328 shares of the company's stock worth $2,594,000 after purchasing an additional 73,772 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth about $228,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth about $52,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth about $881,000. Hedge funds and other institutional investors own 39.71% of the company's stock.

Aris Water Solutions Trading Up 6.0%

Shares of NYSE ARIS traded up $1.38 during mid-day trading on Tuesday, reaching $24.20. 805,014 shares of the company's stock were exchanged, compared to its average volume of 605,013. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 30.25 and a beta of 1.85. 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, Inc. has a 52-week low of $13.34 and a 52-week high of $33.95. The company's 50-day moving average is $25.03 and its 200-day moving average is $26.49.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (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 firm had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. Analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The business 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. This represents a $0.56 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was 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 is accessible through the SEC website. Also, CAO Jeffrey K. Hunt sold 10,000 shares of Aris Water Solutions stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $28.92, for a total value of $289,200.00. Following the transaction, the chief accounting officer now directly owns 44,827 shares in the company, valued at approximately $1,296,396.84. This trade represents a 18.24% decrease in their position. 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 quarter. Corporate insiders own 37.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ARIS shares. Wells Fargo & Company decreased their target price 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. Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. The Goldman Sachs Group decreased their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $26.00.

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.