Point72 Asia Singapore Pte. Ltd. Takes Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,697 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its stake in Aris Water Solutions by 7.2% in the first quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock worth $8,237,000 after purchasing an additional 39,145 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Aris Water Solutions by 14.4% in the fourth quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock valued at $5,761,000 after buying an additional 86,207 shares during the last quarter. GSA Capital Partners LLP lifted its position in Aris Water Solutions by 271.8% during the 1st quarter. GSA Capital Partners LLP now owns 87,979 shares of the company’s stock worth $1,245,000 after buying an additional 64,318 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Aris Water Solutions during the 2nd quarter worth about $554,000. Finally, American Century Companies Inc. grew its holdings in 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 acquiring an additional 284,788 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Down 0.1 %

Shares of NYSE:ARIS opened at $16.85 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $978.83 million, a price-to-earnings ratio of 23.40 and a beta of 1.62. The company has a 50 day moving average of $16.26 and a 200-day moving average of $15.46. Aris Water Solutions, Inc. has a one year low of $7.22 and a one year high of $18.99.

Aris Water Solutions (NYSE:ARIS) last released its earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. The firm had revenue of $101.12 million during the quarter, compared to analyst estimates of $97.86 million. On average, sell-side analysts forecast that Aris Water Solutions, Inc. will post 0.88 earnings per share for the current year.

Aris Water Solutions Announces Dividend

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

Insider Buying and Selling

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the sale, the chief operating officer now directly owns 94,690 shares in the company, valued at $1,405,199.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Citigroup increased their price target on shares of Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.93.

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.