XTX Topco Ltd purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,951 shares of the company's stock, valued at approximately $607,000.
Several other large investors have also added to or reduced their stakes in ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Aris Water Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock worth $365,000 after buying an additional 557 shares during the last quarter. Quarry LP bought a new stake in Aris Water Solutions in the fourth quarter worth $27,000. Centiva Capital LP grew its stake in shares of Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company's stock worth $327,000 after acquiring an additional 1,368 shares during the last quarter. CWM LLC increased its holdings in shares of Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after acquiring an additional 1,444 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Aris Water Solutions by 38.1% in the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock worth $138,000 after purchasing an additional 1,594 shares during the last quarter. Institutional investors own 39.71% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on ARIS. The Goldman Sachs Group decreased their target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company decreased their price objective on shares of 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. JPMorgan Chase & Co. started coverage on Aris Water Solutions in a research note on Tuesday, July 29th. They set a "neutral" rating and a $25.00 target price on the stock. Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $26.50.
Get Our Latest Stock Report on Aris Water Solutions
Aris Water Solutions Stock Performance
ARIS traded up $3.88 during trading on Thursday, hitting $23.81. The company's stock had a trading volume of 6,812,028 shares, compared to its average volume of 628,348. The business's 50 day simple moving average is $23.12 and its 200-day simple moving average is $25.68. The firm has a market cap of $1.41 billion, a PE ratio of 24.31 and a beta of 1.67. Aris Water Solutions, Inc. has a one year low of $14.01 and a one year high of $33.95. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The business had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. As a group, sell-side analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.
About Aris Water Solutions
(
Free Report)
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.
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