18,951 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a new stake in Aris Water Solutions, purchasing 18,951 shares valued at approximately $607,000.
• Aris Water Solutions reported $0.25 earnings per share for the latest quarter, surpassing expectations and achieving a revenue of $120.49 million.
• Analyst ratings for Aris Water Solutions vary, with a consensus rating of "Hold" and a target price averaging $26.50.

XTX Topco Ltd acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,951 shares of the company's stock, valued at approximately $607,000.

Other large investors have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in Aris Water Solutions by 30.5% in the fourth quarter. LPL Financial LLC now owns 98,816 shares of the company's stock valued at $2,367,000 after buying an additional 23,123 shares during the last quarter. Wellington Management Group LLP lifted its stake in Aris Water Solutions by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after buying an additional 9,395 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Aris Water Solutions by 12.7% in the fourth quarter. Alliancebernstein L.P. now owns 23,330 shares of the company's stock valued at $559,000 after buying an additional 2,630 shares during the last quarter. Trexquant Investment LP bought a new stake in Aris Water Solutions in the fourth quarter valued at $967,000. Finally, Envestnet Asset Management Inc. lifted its stake in Aris Water Solutions by 28.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,529 shares of the company's stock valued at $444,000 after buying an additional 4,086 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Aris Water Solutions in a research note on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 target price on the stock. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. The Goldman Sachs Group lowered their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company lowered their price target on 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 analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions currently has an average rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Price Performance

NYSE:ARIS traded down $0.16 during mid-day trading on Friday, reaching $23.62. 3,984,908 shares of the stock were exchanged, compared to its average volume of 928,237. The business has a fifty day moving average price of $23.18 and a 200 day moving average price of $25.60. The firm has a market capitalization of $1.40 billion, a PE ratio of 28.81 and a beta of 1.67. Aris Water Solutions, Inc. has a 1-year low of $14.40 and a 1-year high of $33.95. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The firm 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 3.77% and a net margin of 6.15%. Research analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

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.