Nicholas Investment Partners LP Has $6.96 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Nicholas Investment Partners LP lifted its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 290,758 shares of the company’s stock after buying an additional 16,855 shares during the period. Nicholas Investment Partners LP’s holdings in Aris Water Solutions were worth $6,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its stake in Aris Water Solutions by 277.0% during 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. Tidal Investments LLC acquired a new position in Aris Water Solutions in the third quarter valued at approximately $252,000. JPMorgan Chase & Co. boosted its holdings 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 in the last quarter. SG Americas Securities LLC grew its position 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 buying an additional 3,554 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $279,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. 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 on the stock in a research report on Thursday, May 8th. StockNews.com lowered shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday. Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company reduced 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 note on Thursday, May 8th. 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Aris Water Solutions Stock Performance

NYSE ARIS opened at $24.31 on Wednesday. The company has a market cap of $1.42 billion, a P/E ratio of 30.39 and a beta of 1.85. The company has a fifty day simple moving average of $27.24 and a 200 day simple moving average of $26.21. The company has a current ratio of 1.72, a quick 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.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $120.49 million during the quarter, compared to analysts’ expectations of $115.72 million. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. Sell-side analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.30%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 68.29%.

Insiders Place Their Bets

In related news, COO Brunt David Dylan Van sold 32,305 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total value of $973,995.75. Following the completion of the sale, the chief operating officer now directly owns 85,656 shares of the company’s stock, valued at approximately $2,582,528.40. This represents a 27.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. This represents a 12.47% decrease in their ownership of the stock. 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. Corporate insiders own 37.84% of the company’s stock.

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.