22,154 Shares in Aris Water Solutions, Inc. $ARIS Acquired by Liontrust Investment Partners LLP

Key Points

• Liontrust Investment Partners LLP acquired a new stake in Aris Water Solutions, buying 22,154 shares valued at approximately $710,000 in the first quarter.
• The company reported quarterly earnings of $0.19 per share, missing analysts' estimates, but posted revenue of $124.09 million, exceeding expectations.
• Aris Water Solutions announced a quarterly dividend of $0.14 per share, reflecting an annualized yield of 2.3% and a payout ratio of 67.47%.

Liontrust Investment Partners LLP purchased a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 22,154 shares of the company's stock, valued at approximately $710,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its stake in Aris Water Solutions by 11.6% during the first quarter. Russell Investments Group Ltd. now owns 388,151 shares of the company's stock worth $12,436,000 after acquiring an additional 40,193 shares during the last quarter. Nuveen LLC purchased a new position in shares of Aris Water Solutions during the 1st quarter worth $11,366,000. Invesco Ltd. increased its position in shares of Aris Water Solutions by 49.2% during the 1st quarter. Invesco Ltd. now owns 545,733 shares of the company's stock worth $17,485,000 after purchasing an additional 180,048 shares during the last quarter. Swiss National Bank purchased a new stake in Aris Water Solutions in the 1st quarter valued at about $1,525,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Aris Water Solutions by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 79,589 shares of the company's stock valued at $2,550,000 after buying an additional 642 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Stock Performance

ARIS stock traded up $0.21 on Thursday, hitting $23.88. The company's stock had a trading volume of 474,012 shares, compared to its average volume of 923,851. Aris Water Solutions, Inc. has a 1 year low of $14.46 and a 1 year high of $33.95. 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 stock has a market cap of $1.41 billion, a price-to-earnings ratio of 28.80 and a beta of 1.67. The firm has a 50 day moving average of $23.12 and a two-hundred day moving average of $25.38.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued 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). Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%.The company had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. Equities analysts predict 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 will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. Aris Water Solutions's dividend payout ratio is 67.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ARIS shares. Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a research report on Tuesday. Wall Street Zen downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Evercore ISI cut their target price on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a research report on Monday. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Finally, The Goldman Sachs Group lowered their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $26.50.

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.