19,061 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,061 shares of the company’s stock, valued at approximately $457,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of Aris Water Solutions by 3.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock valued at $65,218,000 after buying an additional 81,413 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Aris Water Solutions in the fourth quarter valued at $29,663,000. Wellington Management Group LLP increased its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Aris Water Solutions by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company’s stock valued at $15,357,000 after buying an additional 8,844 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Aris Water Solutions by 116.3% in the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after buying an additional 216,158 shares in the last quarter. Institutional investors own 39.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on ARIS. Citigroup reaffirmed a “neutral” rating on shares of Aris Water Solutions in a report on Monday. Wells Fargo & Company dropped 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. The Goldman Sachs Group dropped 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. Finally, StockNews.com cut Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.00.

Insider Activity

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now owns 44,827 shares in the company, valued at approximately $1,296,396.84. This represents a 18.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,604 shares of company stock worth $29,817,145 in the last ninety days. Corporate insiders own 37.84% of the company’s stock.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS opened at $23.16 on Friday. The company’s fifty day moving average is $27.08 and its two-hundred day moving average is $26.25. 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, Inc. has a 12-month low of $13.34 and a 12-month high of $33.95. The company has a market cap of $1.35 billion, a P/E ratio of 28.95 and a beta of 1.85.

Aris Water Solutions (NYSE:ARIS) last announced its 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 net margin of 6.29% and a return on equity of 3.74%. The company had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Equities analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio is currently 68.29%.

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.