Voloridge Investment Management LLC Invests $358,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Voloridge Investment Management LLC bought a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,933 shares of the company's stock, valued at approximately $358,000.

Other large investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Aris Water Solutions during the fourth quarter worth about $27,000. Larson Financial Group LLC acquired a new stake in Aris Water Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new stake in Aris Water Solutions during the 4th quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Aris Water Solutions in the 4th quarter valued at approximately $52,000. Finally, Meeder Asset Management Inc. increased its position in Aris Water Solutions by 74.5% in the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after acquiring an additional 1,726 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ARIS. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group reduced their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Wells Fargo & Company decreased their price target on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Aris Water Solutions presently has a consensus rating of "Hold" and an average target price of $26.00.

Aris Water Solutions Trading Down 2.3%

ARIS traded down $0.53 during trading on Friday, reaching $22.08. 977,918 shares of the stock traded hands, compared to its average volume of 602,449. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock's 50-day moving average is $25.40 and its 200 day moving average is $26.48. 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 capitalization of $1.31 billion, a PE ratio of 27.60 and a beta of 1.85.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. Equities analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions's dividend payout ratio (DPR) is 68.29%.

Insider Activity

In other news, insider Nicholas A. Patterson sold 8,299 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was 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 owns 58,228 shares in the company, valued at $1,781,776.80. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 1,070,604 shares of company stock worth $29,817,145 in the last quarter. 37.84% of the stock is owned by corporate insiders.

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.