Aris Water Solutions, Inc. (NYSE:ARIS) Shares Sold by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. reduced its stake in Aris Water Solutions by 6.4%, selling 50,813 shares during the first quarter and now holds approximately 1.26% of the company's stock.
• Aris Water Solutions announced a quarterly dividend of $0.14 per share, resulting in an annualized dividend of $0.56 and a dividend yield of 2.6%.
• Analysts have recently adjusted their price targets for Aris Water Solutions, with Goldman Sachs reducing their target from $34.00 to $30.00 while maintaining a "buy" rating.

Federated Hermes Inc. trimmed its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 738,115 shares of the company's stock after selling 50,813 shares during the period. Federated Hermes Inc. owned 1.26% of Aris Water Solutions worth $23,649,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Aris Water Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock worth $365,000 after purchasing an additional 557 shares during the last quarter. Quarry LP acquired a new stake in Aris Water Solutions during the 4th quarter worth about $27,000. Centiva Capital LP increased 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 during the period. CWM LLC raised its position in shares of Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after purchasing an additional 1,444 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Aris Water Solutions by 38.1% during the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock worth $138,000 after buying an additional 1,594 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Up 1.2%

ARIS traded up $0.24 on Tuesday, reaching $19.99. The company's stock had a trading volume of 233,889 shares, compared to its average volume of 822,419. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 24.34 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. The business's 50 day moving average is $23.27 and its 200 day moving average is $25.76. Aris Water Solutions, Inc. has a 1 year low of $13.34 and a 1 year high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The company had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. As a group, research analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal 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 issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. Aris Water Solutions's dividend payout ratio (DPR) is 68.29%.

Analyst Ratings Changes

ARIS has been the topic of a number of analyst reports. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price objective for the company. The Goldman Sachs Group lowered their target price on shares of 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. Wells Fargo & Company dropped their target price on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions currently has an average rating of "Hold" and an average target price of $26.50.

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.