Aris Water Solutions, Inc. $ARIS Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Aris Water Solutions by 73.0%, owning approximately 1.40% of the company, worth about $26.2 million.
• Multiple research firms have revised their ratings on Aris Water Solutions, with US Capital Advisors and Wall Street Zen downgrading the stock to "hold" and "sell" respectively.
• Aris Water Solutions announced a quarterly dividend of $0.14 per share, representing an annualized yield of 2.3%, with the payout ratio currently at 67.47%.

American Century Companies Inc. lifted its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 73.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 818,709 shares of the company's stock after acquiring an additional 345,593 shares during the quarter. American Century Companies Inc. owned 1.40% of Aris Water Solutions worth $26,232,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Aris Water Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock worth $365,000 after acquiring an additional 557 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Aris Water Solutions by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 79,589 shares of the company's stock worth $2,550,000 after acquiring an additional 642 shares during the last quarter. Quarry LP acquired a new stake in Aris Water Solutions during the 4th quarter worth approximately $27,000. Harbour Investments Inc. lifted its holdings in Aris Water Solutions by 478.2% during 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 in the last quarter. Finally, Centiva Capital LP lifted its holdings in Aris Water Solutions by 11.1% during the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company's stock worth $327,000 after buying an additional 1,368 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. The Goldman Sachs Group reduced their target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. assumed coverage on shares of Aris Water Solutions in a report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 target price on the stock. Finally, US Capital Advisors downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Aris Water Solutions has an average rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Stock Down 0.1%

Shares of NYSE ARIS traded down $0.02 during mid-day trading on Thursday, reaching $23.84. The company had a trading volume of 114,291 shares, compared to its average volume of 922,388. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The firm has a 50 day simple moving average of $22.94 and a two-hundred day simple moving average of $25.28. The stock has a market cap of $1.41 billion, a P/E ratio of 28.72 and a beta of 1.67. 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 analysts' consensus estimates of $0.24 by ($0.05). The company 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%. Sell-side analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. 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.