AQR Capital Management LLC Takes $765,000 Position in Aris Water Solutions, Inc. (NYSE:ARIS)

AQR Capital Management LLC acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 48,828 shares of the company's stock, valued at approximately $765,000. AQR Capital Management LLC owned 0.08% of Aris Water Solutions as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions in the 2nd quarter worth about $27,000. 1620 Investment Advisors Inc. bought a new position in shares of Aris Water Solutions in the second quarter valued at approximately $46,000. Saxon Interests Inc. bought a new position in shares of Aris Water Solutions in the first quarter valued at approximately $142,000. Quadrature Capital Ltd bought a new position in shares of Aris Water Solutions in the first quarter valued at approximately $166,000. Finally, Inscription Capital LLC bought a new position in shares of Aris Water Solutions in the first quarter valued at approximately $212,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock traded down $0.39 on Monday, hitting $17.01. The company had a trading volume of 114,403 shares, compared to its average volume of 337,689. The business has a 50-day simple moving average of $16.42 and a 200-day simple moving average of $15.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $988.13 million, a PE ratio of 23.63 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 issued its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. The firm had revenue of $101.12 million during the quarter, compared to analysts' expectations of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. Research analysts expect that Aris Water Solutions, Inc. will post 0.88 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Thursday, September 5th. Aris Water Solutions's payout ratio is 58.33%.

Insider Activity at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of the company's 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 completion of the sale, the chief operating officer now owns 94,690 shares in the company, valued at approximately $1,405,199.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.06% of the stock is owned by insiders.

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.