Aris Water Solutions, Inc. (NYSE:ARIS) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in 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 and Exchange Commission. The fund owned 327,538 shares of the company's stock after purchasing an additional 211,756 shares during the period. New York State Common Retirement Fund owned approximately 0.56% of Aris Water Solutions worth $10,494,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in shares of Aris Water Solutions by 3.1% during 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 shares of Aris Water Solutions during the fourth quarter valued at $29,663,000. Wellington Management Group LLP increased its holdings in Aris Water Solutions by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after buying an additional 9,395 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Aris Water Solutions by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock worth $15,357,000 after buying an additional 8,844 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Aris Water Solutions by 76.9% in the fourth quarter. Invesco Ltd. now owns 365,685 shares of the company's stock worth $8,758,000 after purchasing an additional 159,024 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Trading Down 0.2%

Aris Water Solutions stock traded down $0.04 during mid-day trading on Friday, hitting $22.13. The company's stock had a trading volume of 552,728 shares, compared to its average volume of 655,250. The company has a 50 day moving average of $23.81 and a 200-day moving average of $26.14. The stock has a market cap of $1.31 billion, a PE ratio of 26.99 and a beta of 1.69. 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 one year low of $13.34 and a one year high of $33.95.

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

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, June 5th. Aris Water Solutions's dividend payout ratio is 68.29%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ARIS. Wells Fargo & Company lowered their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group lowered their price objective on 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 report on Monday, May 12th. Finally, Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a 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 issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $26.00.

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.