International Assets Investment Management LLC Buys New Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

International Assets Investment Management LLC purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,315 shares of the company’s stock, valued at approximately $2,080,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARIS. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aris Water Solutions during the second quarter valued at about $27,000. 1620 Investment Advisors Inc. bought a new position in Aris Water Solutions during the second quarter valued at approximately $46,000. Point72 Asset Management L.P. bought a new position in Aris Water Solutions during the second quarter valued at approximately $82,000. Quadrature Capital Ltd purchased a new position in Aris Water Solutions during the 1st quarter valued at approximately $166,000. Finally, Algert Global LLC bought a new stake in Aris Water Solutions in the 2nd quarter worth approximately $199,000. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Trading Down 1.3 %

Shares of ARIS stock opened at $16.29 on Monday. The company has a market cap of $946.61 million, a PE ratio of 21.72 and a beta of 1.62. 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’s 50 day simple moving average is $16.47 and its two-hundred day simple moving average is $15.80. Aris Water Solutions, Inc. has a 1 year low of $7.22 and a 1 year high of $18.99.

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

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.42 annualized dividend and a dividend yield of 2.58%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 56.00%.

Insider Buying and Selling

In related 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 value of $219,824.92. Following the sale, the chief operating officer now directly owns 94,690 shares of the company’s stock, valued at $1,405,199.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, US Capital Advisors upgraded Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Aris Water Solutions presently has an average rating of “Buy” and a consensus target price of $15.25.

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.