354,759 Shares in Aris Water Solutions, Inc. $ARIS Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired 354,759 shares of Aris Water Solutions, Inc. valued at approximately $11.37 million, bringing their ownership to about 0.61% as of the latest reporting period.
• Aris Water Solutions is set to distribute a quarterly dividend of $0.14 to shareholders, which translates to an annualized yield of 2.3%, payable on September 18th.
• The company's stock recently opened at $23.90 and possesses a market cap of $1.41 billion, with a current consensus rating of "Hold" and an average price target of $26.50.

Nuveen LLC bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 354,759 shares of the company's stock, valued at approximately $11,366,000. Nuveen LLC owned approximately 0.61% of Aris Water Solutions as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ameriprise Financial Inc. raised its position in Aris Water Solutions by 3.1% in 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 last quarter. Vanguard Group Inc. raised its position in Aris Water Solutions by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company's stock valued at $54,940,000 after purchasing an additional 17,858 shares during the last quarter. Wellington Management Group LLP raised its position in Aris Water Solutions by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after purchasing an additional 9,395 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Aris Water Solutions by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock valued at $15,357,000 after purchasing an additional 8,844 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Aris Water Solutions by 49.2% in the first quarter. Invesco Ltd. now owns 545,733 shares of the company's stock valued at $17,485,000 after buying an additional 180,048 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on ARIS. Capital One Financial cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. The Goldman Sachs Group decreased their target price on 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. Evercore ISI decreased their target price on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a research note on Monday, August 18th. Wells Fargo & Company set a $27.00 target price on Aris Water Solutions in a research note on Tuesday, August 19th. Finally, Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS traded up $0.29 during mid-day trading on Wednesday, hitting $23.99. The company had a trading volume of 697,771 shares, compared to its average volume of 925,798. Aris Water Solutions, Inc. has a 1 year low of $14.46 and a 1 year high of $33.95. The stock's 50-day moving average price is $22.97 and its 200-day moving average price is $25.29. 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 company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 28.91 and a beta of 1.67.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.19 EPS 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 business had revenue of $124.09 million for the quarter, compared to analysts' expectations of $120.68 million. On average, sell-side analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions's dividend payout ratio is presently 67.47%.

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.