Numerai GP LLC Has $479,000 Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Numerai GP LLC reduced its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,992 shares of the company’s stock after selling 7,336 shares during the quarter. Numerai GP LLC’s holdings in Aris Water Solutions were worth $479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in Aris Water Solutions by 277.0% in the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after purchasing an additional 25,790 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after buying an additional 216,158 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after purchasing an additional 3,554 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Aris Water Solutions during the fourth quarter worth $279,000. Finally, Perigon Wealth Management LLC acquired a new stake in Aris Water Solutions in the 4th quarter valued at about $320,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $23.16 on Friday. The stock has a market cap of $1.35 billion, a P/E ratio of 28.95 and a beta of 1.85. The firm’s fifty day moving average price is $27.08 and its 200-day moving average price is $26.25. 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 fifty-two week low of $13.34 and a fifty-two week high of $33.95.

Aris Water Solutions (NYSE:ARIS) last announced 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 company had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. On average, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors 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 yield of 2.42%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 68.29%.

Insiders Place Their Bets

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the firm’s 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 in the company, valued at $1,296,396.84. This represents a 18.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,070,604 shares of company stock worth $29,817,145. Company insiders own 37.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com cut shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday. The Goldman Sachs Group dropped their target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price target on shares of Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Finally, Citigroup restated a “neutral” rating on shares of Aris Water Solutions in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.