Aris Water Solutions, Inc. (NYSE:ARIS) Stock Holdings Lifted by Two Sigma Investments LP

Two Sigma Investments LP increased its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 213.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 108,328 shares of the company's stock after acquiring an additional 73,772 shares during the quarter. Two Sigma Investments LP owned approximately 0.19% of Aris Water Solutions worth $2,594,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Aris Water Solutions in the fourth quarter valued at $29,663,000. Whittier Trust Co. lifted its holdings in shares of Aris Water Solutions by 70,079.1% during the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock worth $8,370,000 after acquiring an additional 348,994 shares during the period. NBW Capital LLC boosted its position in shares of Aris Water Solutions by 1,191.8% in the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company's stock worth $6,307,000 after acquiring an additional 242,939 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at $5,717,000. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in shares of Aris Water Solutions in the fourth quarter worth about $5,492,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the sale, the insider now directly owns 58,228 shares of the company's stock, valued at approximately $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. In the last quarter, insiders have sold 1,070,604 shares of company stock worth $29,817,145. Company insiders own 37.84% of the company's stock.

Aris Water Solutions Stock Performance

Aris Water Solutions stock traded down $0.39 during mid-day trading on Wednesday, hitting $23.73. 69,920 shares of the company's stock traded hands, compared to its average volume of 602,988. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95. The company has a market cap of $1.40 billion, a PE ratio of 29.68 and a beta of 1.85. The firm has a 50 day moving average price of $25.03 and a 200 day moving average price of $26.49. The company has a quick ratio of 1.72, a current 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 results on Tuesday, May 6th. The company reported $0.25 earnings per share 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. On average, equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.36%. Aris Water Solutions's payout ratio is presently 68.29%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. The Goldman Sachs Group lowered 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. Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Finally, Wells Fargo & Company dropped their target price on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a 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 given a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of "Hold" and an average price target of $26.00.

Aris Water Solutions Company 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.