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

Occudo Quantitative Strategies LP acquired a new position in Aris Water Solutions, Inc. (NYSE:ARIS) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 19,061 shares of the company’s stock, valued at approximately $457,000.

A number of other large investors have also recently bought and sold shares of ARIS. Raymond James Financial Inc. bought a new stake in Aris Water Solutions in the fourth quarter worth $29,663,000. Whittier Trust Co. boosted its holdings in Aris Water Solutions by 70,079.1% in the fourth quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock worth $8,370,000 after purchasing an additional 348,994 shares in the last quarter. NBW Capital LLC boosted its holdings in Aris Water Solutions by 1,191.8% in the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock worth $6,307,000 after purchasing an additional 242,939 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Aris Water Solutions during the fourth quarter valued at about $5,717,000. Finally, Horizon Kinetics Asset Management LLC bought a new stake in Aris Water Solutions during the fourth quarter valued at about $5,492,000. 39.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,827 shares of the company’s stock, valued at $1,296,396.84. This trade represents a 18.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Insiders own 37.84% of the company’s stock.

Aris Water Solutions Stock Down 2.1%

Shares of ARIS opened at $23.16 on Friday. The company has a 50-day simple moving average of $27.08 and a 200-day simple moving average of $26.25. The firm has a market capitalization of $1.35 billion, a P/E ratio of 28.95 and a beta of 1.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a 52 week low of $13.34 and a 52 week high of $33.95.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. On average, equities research analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

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 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio is currently 68.29%.

Analysts Set New Price Targets

A number of research firms have issued reports on ARIS. The Goldman Sachs Group decreased their price target 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. StockNews.com cut shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup restated a “neutral” rating on shares of Aris Water Solutions in a report on Monday. Finally, Wells Fargo & Company decreased their price target 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. One equities 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

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.