Kaizen Financial Strategies Sells 1,958 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Kaizen Financial Strategies reduced its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 8.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,377 shares of the company’s stock after selling 1,958 shares during the period. Kaizen Financial Strategies’ holdings in Aris Water Solutions were worth $536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Aris Water Solutions in the fourth quarter valued at about $27,000. Larson Financial Group LLC acquired a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Aris Water Solutions during the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. increased its holdings in shares of Aris Water Solutions by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock valued at $97,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Aris Water Solutions by 38.1% in the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company’s stock worth $138,000 after purchasing an additional 1,594 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Price Performance

Shares of ARIS stock opened at $21.79 on Friday. 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 firm has a fifty day moving average of $27.38 and a 200-day moving average of $26.09. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 27.24 and a beta of 1.85.

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

Aris Water Solutions Dividend Announcement

The business 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 $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.57%. Aris Water Solutions’s dividend payout ratio is currently 68.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ARIS shares. Wells Fargo & Company dropped their target price on Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. StockNews.com raised shares of Aris Water Solutions from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group cut their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.00.

Insider Buying and Selling

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 shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the completion of the transaction, the insider now directly owns 58,228 shares of the company’s stock, valued at approximately $1,781,776.80. This trade represents a 12.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Company insiders own 37.84% of the company’s stock.

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.