Blair William & Co. IL Buys 25,899 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Key Points

• Blair William & Co. IL increased its holdings in Aris Water Solutions, Inc. by 178.6% during the first quarter, now owning 40,399 shares worth approximately $1.29 million.
• Several institutional investors significantly boosted their positions in Aris Water Solutions, including US Bancorp DE with a 2,902.7% increase in stake.
• Wall Street analysts have varied ratings on Aris, with reports indicating a consensus rating of "Hold" and a price target averaging $26.50.

Blair William & Co. IL boosted its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 178.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,399 shares of the company's stock after buying an additional 25,899 shares during the period. Blair William & Co. IL owned approximately 0.07% of Aris Water Solutions worth $1,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Aris Water Solutions by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock valued at $365,000 after purchasing an additional 557 shares in the last quarter. Quarry LP purchased a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $27,000. Harbour Investments Inc. lifted its holdings in shares of Aris Water Solutions by 478.2% in the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock valued at $49,000 after purchasing an additional 1,272 shares in the last quarter. Centiva Capital LP lifted its holdings in shares of Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company's stock valued at $327,000 after purchasing an additional 1,368 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Aris Water Solutions by 303.4% in the first quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after purchasing an additional 1,444 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Aris Water Solutions Price Performance

Shares of ARIS traded up $0.38 during mid-day trading on Tuesday, hitting $23.72. The company's stock had a trading volume of 2,436,215 shares, compared to its average volume of 905,520. Aris Water Solutions, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $33.95. The firm has a 50-day moving average price of $23.19 and a 200 day moving average price of $25.51. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.92 and a beta of 1.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly 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 company had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. On average, research analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ARIS shares. The Goldman Sachs Group cut their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Capital One Financial lowered shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday. Wells Fargo & Company dropped their price target on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a research report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. Finally, Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $26.50.

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.