Emerald Advisers LLC Has $63,000 Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Emerald Advisers LLC lessened its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 88.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,964 shares of the company's stock after selling 15,205 shares during the period. Emerald Advisers LLC's holdings in Aris Water Solutions were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ARIS. Ameriprise Financial Inc. boosted its stake in shares of Aris Water Solutions by 3.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock valued at $65,218,000 after purchasing an additional 81,413 shares during the period. Raymond James Financial Inc. bought a new position in Aris Water Solutions during the 4th quarter valued at $29,663,000. Wellington Management Group LLP boosted its stake in Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after acquiring an additional 9,395 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Aris Water Solutions by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock valued at $15,357,000 after acquiring an additional 8,844 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Aris Water Solutions by 76.9% during the 4th quarter. Invesco Ltd. now owns 365,685 shares of the company's stock valued at $8,758,000 after acquiring an additional 159,024 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ARIS. The Goldman Sachs Group reduced their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Wells Fargo & Company lowered their price objective on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.00.

Aris Water Solutions Stock Performance

Shares of Aris Water Solutions stock traded up $0.15 on Friday, reaching $22.32. The stock had a trading volume of 307,984 shares, compared to its average volume of 652,167. The business's 50-day moving average price is $23.80 and its two-hundred day moving average price is $26.13. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 1.87. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The stock has a market cap of $1.32 billion, a P/E ratio of 27.30 and a beta of 1.69.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. On average, sell-side analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.51%. Aris Water Solutions's dividend payout ratio (DPR) is 68.29%.

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.