Aris Water Solutions (NYSE:ARIS) Trading Down 2.6% – What’s Next?

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) were down 2.6% on Wednesday . The stock traded as low as $15.88 and last traded at $16.02. Approximately 80,428 shares changed hands during trading, a decline of 76% from the average daily volume of 336,214 shares. The stock had previously closed at $16.45.

Aris Water Solutions Trading Down 4.6 %

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 company has a market cap of $912.03 million, a PE ratio of 21.65 and a beta of 1.62. The company’s 50 day simple moving average is $16.45 and its two-hundred day simple moving average is $15.69.

Aris Water Solutions (NYSE:ARIS) last announced its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $101.12 million during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Aris Water Solutions, Inc. will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.42 annualized dividend and a dividend yield of 2.68%. Aris Water Solutions’s dividend payout ratio is presently 58.33%.

Insider Transactions at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $14.84, for a total transaction of $219,824.92. Following the sale, the chief operating officer now owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Aris Water Solutions by 2.2% in the fourth quarter. Wellington Management Group LLP now owns 1,290,231 shares of the company’s stock valued at $10,825,000 after acquiring an additional 27,988 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Aris Water Solutions by 93.2% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock worth $16,886,000 after buying an additional 575,536 shares during the last quarter. Kennedy Capital Management LLC lifted its position in shares of Aris Water Solutions by 3.8% during the 1st quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock worth $8,415,000 after buying an additional 21,515 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Aris Water Solutions by 7.2% during the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock worth $8,237,000 after buying an additional 39,145 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position 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 buying an additional 139,259 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

About Aris Water Solutions

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.