Trexquant Investment LP Raises Stock Holdings in Aris Water Solutions, Inc. $ARIS

Key Points

• Trexquant Investment LP significantly increased its stake in Aris Water Solutions by 329.2%, acquiring a total of 173,351 shares valued at approximately $5.55 million.
• Analysts have varied opinions on Aris Water Solutions, with a consensus rating of "Hold" and a price target averaging $26.50, while some firms have set targets between $25.00 and $30.00.
• Aris Water Solutions announced a quarterly dividend of $0.14 per share, which reflects an annualized yield of 2.3% based on its current payout ratio.

Trexquant Investment LP grew its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 329.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,351 shares of the company's stock after acquiring an additional 132,961 shares during the quarter. Trexquant Investment LP owned 0.30% of Aris Water Solutions worth $5,554,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in Aris Water Solutions by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 2,758,907 shares of the company's stock worth $88,395,000 after acquiring an additional 35,735 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Aris Water Solutions by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company's stock worth $54,940,000 after acquiring an additional 17,858 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Aris Water Solutions by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after purchasing an additional 9,395 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Aris Water Solutions by 73.0% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Aris Water Solutions by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock valued at $15,357,000 after purchasing an additional 8,844 shares in the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Performance

Aris Water Solutions stock traded down $0.23 during mid-day trading on Friday, reaching $23.80. 920,236 shares of the stock traded hands, compared to its average volume of 1,348,367. The stock has a market capitalization of $1.41 billion, a PE ratio of 28.67 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. Aris Water Solutions, Inc. has a 12-month low of $14.46 and a 12-month high of $33.95. The business's 50-day moving average is $22.90 and its 200-day moving average is $25.07.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.19 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 analysts' expectations of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. As a group, sell-side analysts predict 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 Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a $0.14 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.4%. Aris Water Solutions's dividend payout ratio is presently 67.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARIS. 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. Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Evercore ISI lowered their price target on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a report on Monday, August 18th. Finally, Zacks Research raised Aris Water Solutions from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Aris Water Solutions has a consensus rating of "Hold" and an average price target 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.