The Manufacturers Life Insurance Company Takes $229,000 Position in Aris Water Solutions, Inc. (NYSE:ARIS)

The Manufacturers Life Insurance Company purchased a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,552 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund increased its position in shares of Aris Water Solutions by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 115,782 shares of the company’s stock valued at $2,773,000 after buying an additional 6,700 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Aris Water Solutions in the fourth quarter valued at $279,000. Principal Financial Group Inc. increased its position in shares of Aris Water Solutions by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock valued at $806,000 after buying an additional 3,179 shares in the last quarter. Sei Investments Co. increased its position in shares of Aris Water Solutions by 477.2% in the fourth quarter. Sei Investments Co. now owns 60,102 shares of the company’s stock valued at $1,439,000 after buying an additional 49,690 shares in the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in shares of Aris Water Solutions in the fourth quarter valued at $320,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ARIS shares. Wells Fargo & Company dropped their price objective 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, May 8th. StockNews.com cut Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. The Goldman Sachs Group dropped their price objective on 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. Finally, Citigroup reiterated a “neutral” rating on shares of Aris Water Solutions in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions has an average rating of “Hold” and a consensus target price of $26.00.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of Aris Water Solutions stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $28.92, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,070,604 shares of company stock worth $29,817,145 in the last 90 days. 37.84% of the stock is owned by company insiders.

Aris Water Solutions Stock Down 1.4%

ARIS opened at $22.99 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 28.73 and a beta of 1.85. The business has a 50-day moving average of $26.92 and a two-hundred day moving average of $26.44. Aris Water Solutions, Inc. has a 12 month low of $13.34 and a 12 month high of $33.95.

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

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio (DPR) is 68.29%.

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.