Nicholas Investment Partners LP Raises Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Nicholas Investment Partners LP raised its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 290,758 shares of the company's stock after purchasing an additional 16,855 shares during the quarter. Nicholas Investment Partners LP owned 0.50% of Aris Water Solutions worth $6,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARIS. Ameriprise Financial Inc. increased its holdings in shares of Aris Water Solutions by 3.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock valued at $65,218,000 after acquiring an additional 81,413 shares during the last quarter. Raymond James Financial Inc. bought a new position in Aris Water Solutions in the 4th quarter worth approximately $29,663,000. Wellington Management Group LLP boosted its stake in Aris Water Solutions by 1.0% during the 4th 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. Dimensional Fund Advisors LP boosted its stake in Aris Water Solutions by 1.4% during the 4th 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. Finally, JPMorgan Chase & Co. boosted its stake in Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after purchasing an additional 216,158 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS traded down $0.31 during trading on Monday, hitting $22.75. 196,397 shares of the company were exchanged, compared to its average volume of 584,418. The company has a market cap of $1.33 billion, a PE ratio of 28.44 and a beta of 1.85. The stock has a 50 day moving average of $26.92 and a 200 day moving average of $26.44. Aris Water Solutions, Inc. has a 52-week low of $13.34 and a 52-week high of $33.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $120.49 million during the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. As a group, equities research analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 dividend on an annualized basis and a yield of 2.46%. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Analysts Set New Price Targets

Several analysts recently issued reports on ARIS shares. The Goldman Sachs Group cut their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wells Fargo & Company decreased their price objective 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. Finally, StockNews.com cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. One research 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 MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $26.00.

Insider Buying and Selling

In other news, COO Brunt David Dylan Van sold 32,305 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total transaction of $973,995.75. Following the transaction, the chief operating officer now directly owns 85,656 shares of the company's stock, valued at $2,582,528.40. This represents a 27.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm'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 transaction of $27,700,000.00. The disclosure for this sale can be found here. Insiders have sold 1,070,604 shares of company stock valued at $29,817,145 over the last ninety days. 37.84% of the stock is owned by insiders.

About Aris Water Solutions

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.