Renaissance Technologies LLC Acquires 95,700 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Renaissance Technologies LLC grew its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 93.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,000 shares of the company's stock after purchasing an additional 95,700 shares during the period. Renaissance Technologies LLC owned about 0.34% of Aris Water Solutions worth $3,103,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Rhumbline Advisers increased its stake in Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company's stock valued at $691,000 after buying an additional 758 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Aris Water Solutions by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company's stock worth $313,000 after purchasing an additional 1,902 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Aris Water Solutions by 3.3% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company's stock valued at $1,151,000 after purchasing an additional 2,328 shares during the period. 1620 Investment Advisors Inc. bought a new position in Aris Water Solutions in the 2nd quarter valued at $46,000. Finally, Van ECK Associates Corp increased its position in shares of Aris Water Solutions by 3.6% during the 2nd quarter. Van ECK Associates Corp now owns 111,535 shares of the company's stock valued at $1,748,000 after purchasing an additional 3,833 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS traded down $0.02 during midday trading on Tuesday, hitting $16.85. The company's stock had a trading volume of 251,248 shares, compared to its average volume of 346,103. The stock has a fifty day moving average price of $16.26 and a 200 day moving average price of $15.46. The firm has a market capitalization of $978.83 million, a price-to-earnings ratio of 23.40 and a beta of 1.62. Aris Water Solutions, Inc. has a one year low of $7.22 and a one year high of $18.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. The firm had revenue of $101.12 million during the quarter, compared to analyst estimates of $97.86 million. On average, research analysts forecast that Aris Water Solutions, Inc. will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business 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. This represents a $0.42 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Thursday, September 5th. Aris Water Solutions's dividend payout ratio is presently 58.33%.

Analysts Set New Price Targets

Separately, Citigroup lifted their price objective on shares of Aris Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.93.

Insider Transactions at Aris Water Solutions

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