Invesco Ltd. Has $17.49 Million Stock Position in Aris Water Solutions, Inc. $ARIS

Key Points

• Invesco Ltd. increased its stake in Aris Water Solutions, Inc. by 49.2% in the first quarter, owning 545,733 shares worth approximately $17.49 million.
• Aris Water Solutions recently announced a quarterly dividend of $0.14 per share, yielding 2.4% annually, with the ex-dividend date set for September 4th.
• The company's recent earnings report showed $0.19 earnings per share, missing analysts' expectations of $0.24, while revenue reached $124.09 million for the quarter.

Invesco Ltd. increased its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 49.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 545,733 shares of the company's stock after buying an additional 180,048 shares during the quarter. Invesco Ltd. owned about 0.93% of Aris Water Solutions worth $17,485,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 acquiring an additional 557 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Aris Water Solutions by 0.8% during 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 period. Quarry LP acquired a new position in Aris Water Solutions during the 4th quarter worth $27,000. Harbour Investments Inc. boosted its position 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 acquiring an additional 1,272 shares during the period. Finally, Centiva Capital LP boosted its position 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 acquiring an additional 1,368 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on ARIS shares. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Capital One Financial lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, Wells Fargo & Company set a $27.00 price objective on Aris Water Solutions in a report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Aris Water Solutions has an average rating of "Hold" and an average target price of $26.50.

Aris Water Solutions Trading Up 0.0%

Shares of NYSE ARIS traded up $0.01 during mid-day trading on Wednesday, hitting $23.71. 244,098 shares of the company traded hands, compared to its average volume of 922,469. Aris Water Solutions, Inc. has a 1 year low of $14.46 and a 1 year high of $33.95. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.58 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average of $22.97 and a two-hundred day moving average of $25.29.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. On average, sell-side analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal 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 given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions's payout ratio is presently 67.47%.

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.