Balyasny Asset Management L.P. Has $4.44 Million Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Balyasny Asset Management L.P. lifted its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 95.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 185,456 shares of the company’s stock after purchasing an additional 90,448 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Aris Water Solutions were worth $4,442,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in shares of Aris Water Solutions during the fourth quarter worth about $27,000. Larson Financial Group LLC acquired a new position in shares of Aris Water Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Aris Water Solutions in the fourth quarter worth $33,000. Meeder Asset Management Inc. grew its position in shares of Aris Water Solutions by 74.5% in the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock valued at $97,000 after buying an additional 1,726 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Aris Water Solutions by 38.1% during the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company’s stock worth $138,000 after acquiring an additional 1,594 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Aris Water Solutions Price Performance

Shares of NYSE ARIS opened at $21.79 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $27.38 and its 200-day moving average price is $26.09. The firm has a market capitalization of $1.27 billion, a P/E ratio of 27.24 and a beta of 1.85. Aris Water Solutions, Inc. has a 1-year low of $13.34 and a 1-year high of $33.95.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $120.49 million during the quarter, compared to analysts’ expectations of $115.72 million. Equities research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions’s dividend payout ratio is currently 68.29%.

Insider Buying and Selling

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brunt David Dylan Van sold 32,305 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total transaction of $973,995.75. Following the transaction, the chief operating officer now owns 85,656 shares in the company, valued at approximately $2,582,528.40. This trade represents a 27.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,070,604 shares of company stock worth $29,817,145 in the last quarter. 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.