Aris Water Solutions, Inc. $ARIS Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 11.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 388,151 shares of the company's stock after purchasing an additional 40,193 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.66% of Aris Water Solutions worth $12,436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ARIS. Quarry LP purchased a new stake in shares of Aris Water Solutions in the fourth quarter worth $27,000. Harbour Investments Inc. boosted its holdings in Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after buying an additional 1,272 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions in the 4th quarter worth $52,000. CWM LLC raised its holdings in Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after acquiring an additional 1,444 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Aris Water Solutions by 3,062.6% in the first quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock valued at $119,000 after acquiring an additional 3,522 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ARIS shares. The Goldman Sachs Group dropped their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Capital One Financial cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Evercore ISI lowered their price objective on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a research report on Monday. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Stock Up 1.1%

NYSE:ARIS traded up $0.26 during trading hours on Friday, hitting $24.00. The company's stock had a trading volume of 187,061 shares, compared to its average volume of 922,940. The stock has a market capitalization of $1.42 billion, a P/E ratio of 28.92 and a beta of 1.67. The stock has a fifty day moving average of $23.08 and a 200-day moving average of $25.36. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 52-week low of $14.46 and a 52-week high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $124.09 million during the quarter, compared to analysts' expectations of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. On average, equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. Aris Water Solutions's dividend payout ratio is currently 67.47%.

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.