Aris Water Solutions (NYSE:ARIS) Trading Down 2.6% – What’s Next?

Aris Water Solutions, Inc. (NYSE:ARIS)’s stock price dropped 2.6% on Wednesday . The company traded as low as $15.88 and last traded at $16.02. Approximately 80,428 shares were traded during trading, a decline of 76% from the average daily volume of 336,214 shares. The stock had previously closed at $16.45.

Aris Water Solutions Price Performance

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’s 50-day simple moving average is $16.45 and its two-hundred day simple moving average is $15.69. The company has a market capitalization of $912.03 million, a price-to-earnings ratio of 21.65 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The company 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%. Equities research analysts predict that Aris Water Solutions, Inc. will post 0.88 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Thursday, September 5th. Aris Water Solutions’s dividend payout ratio (DPR) is 58.33%.

Insider Activity

In other news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which is available at this link. Company insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

A number of hedge funds have recently modified their holdings of ARIS. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aris Water Solutions in the second quarter valued at about $27,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Aris Water Solutions in the second quarter valued at about $46,000. Point72 Asset Management L.P. purchased a new stake in shares of Aris Water Solutions in the second quarter valued at about $82,000. Saxon Interests Inc. purchased a new stake in shares of Aris Water Solutions in the first quarter valued at about $142,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Aris Water Solutions in the first quarter valued at about $166,000. Hedge funds and other institutional investors own 39.71% 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.