Clearbridge Investments LLC Sells 269,798 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Clearbridge Investments LLC decreased its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 46.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 312,329 shares of the company's stock after selling 269,798 shares during the quarter. Clearbridge Investments LLC owned approximately 0.54% of Aris Water Solutions worth $4,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in Aris Water Solutions during the second quarter worth $82,000. Algert Global LLC bought a new position in shares of Aris Water Solutions in the 2nd quarter valued at approximately $199,000. Susquehanna Fundamental Investments LLC acquired a new stake in Aris Water Solutions in the 2nd quarter worth approximately $881,000. Deerfield Management Company L.P. Series C lifted its holdings in Aris Water Solutions by 285.3% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 55,490 shares of the company's stock worth $870,000 after purchasing an additional 41,090 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in Aris Water Solutions during the second quarter worth approximately $765,000. Institutional investors own 39.71% of the company's stock.

Insider Buying and Selling at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $14.84, for a total value of $219,824.92. Following the transaction, the chief operating officer now directly owns 94,690 shares in the company, valued at $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 23.06% of the company's stock.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS traded up $0.20 during trading on Friday, reaching $17.42. The stock had a trading volume of 240,764 shares, compared to its average volume of 343,840. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $16.32 and a two-hundred day simple moving average of $15.52. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.19 and a beta of 1.62. Aris Water Solutions, Inc. has a 52 week low of $7.22 and a 52 week high of $18.99.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $101.12 million during the quarter, compared to analysts' expectations of $97.86 million. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. As a group, analysts anticipate that Aris Water Solutions, Inc. will post 0.88 earnings per share 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. Investors of record on Thursday, September 5th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, September 5th. Aris Water Solutions's dividend payout ratio is currently 58.33%.

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.