Point72 Asia Singapore Pte. Ltd. Buys Shares of 1,697 Aris Water Solutions, Inc. (NYSE:ARIS)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,697 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP raised its holdings in Aris Water Solutions by 93.2% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock worth $16,886,000 after acquiring an additional 575,536 shares in the last quarter. American Century Companies Inc. increased its position in shares of Aris Water Solutions by 140.3% during the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after purchasing an additional 284,788 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after purchasing an additional 139,259 shares in the last quarter. Nicholas Investment Partners LP acquired a new stake in shares of Aris Water Solutions in the 2nd quarter valued at approximately $1,703,000. Finally, Renaissance Technologies LLC grew its stake in shares of Aris Water Solutions by 93.5% in the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock valued at $3,103,000 after buying an additional 95,700 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the transaction, the chief operating officer now owns 94,690 shares in the company, valued at $1,405,199.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 23.06% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup upped their price target on shares of Aris Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.93.

Aris Water Solutions Stock Down 0.1 %

ARIS stock opened at $16.85 on Wednesday. Aris Water Solutions, Inc. has a 1-year low of $7.22 and a 1-year high of $18.99. The business’s 50 day simple moving average is $16.26 and its 200 day simple moving average is $15.46. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $978.83 million, a PE ratio of 23.40 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $101.12 million for the quarter, compared to the consensus estimate of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. As a group, research analysts anticipate that Aris Water Solutions, Inc. will post 0.88 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.42 annualized dividend and a yield of 2.49%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 58.33%.

Aris Water Solutions 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.