New York State Common Retirement Fund Purchases 211,756 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

New York State Common Retirement Fund grew its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 182.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 327,538 shares of the company's stock after buying an additional 211,756 shares during the period. New York State Common Retirement Fund owned 0.56% of Aris Water Solutions worth $10,494,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new stake in Aris Water Solutions in the 1st quarter worth approximately $867,000. Janney Montgomery Scott LLC raised its stake in shares of Aris Water Solutions by 233.8% during the first quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company's stock worth $1,246,000 after acquiring an additional 27,246 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Aris Water Solutions by 4,584.0% in the 1st quarter. GAMMA Investing LLC now owns 29,509 shares of the company's stock worth $921,000 after acquiring an additional 28,879 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Aris Water Solutions by 3,062.6% in the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock valued at $119,000 after purchasing an additional 3,522 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Aris Water Solutions by 477.2% during the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company's stock valued at $1,439,000 after purchasing an additional 49,690 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Down 1.7%

ARIS traded down $0.35 on Tuesday, hitting $20.94. The company had a trading volume of 572,127 shares, compared to its average volume of 656,133. Aris Water Solutions, Inc. has a 52-week low of $13.34 and a 52-week high of $33.95. The firm has a market capitalization of $1.24 billion, a P/E ratio of 25.53 and a beta of 1.69. The stock has a fifty day simple moving average of $23.81 and a 200-day simple moving average of $26.15. 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 Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $120.49 million during the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. As a group, equities analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently announced 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 2.67%. Aris Water Solutions's dividend payout ratio (DPR) is 68.29%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARIS. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. 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. Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, The Goldman Sachs Group lowered 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 note on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.00.

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.