Oppenheimer & Co. Inc. decreased its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 57.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,290 shares of the company's stock after selling 20,457 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Aris Water Solutions were worth $490,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of ARIS. Principal Financial Group Inc. boosted its holdings in Aris Water Solutions by 10.4% during the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock worth $806,000 after purchasing an additional 3,179 shares during the last quarter. Bailard Inc. acquired a new position in shares of Aris Water Solutions during the 4th quarter worth about $280,000. SBI Securities Co. Ltd. bought a new position in shares of Aris Water Solutions in the 4th quarter valued at about $33,000. NBW Capital LLC increased its position in shares of Aris Water Solutions by 1,191.8% in the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company's stock valued at $6,307,000 after acquiring an additional 242,939 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Aris Water Solutions during the fourth quarter worth about $29,663,000. 39.71% of the stock is currently owned by institutional investors.
Aris Water Solutions Stock Performance
ARIS stock traded down $0.21 during midday trading on Friday, reaching $24.38. 283,126 shares of the company were exchanged, compared to its average volume of 638,797. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 29.73 and a beta of 1.69. The business has a 50-day moving average price of $24.09 and a two-hundred day moving average price of $26.25. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95. 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 released its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. The firm had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. Equities research analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.
Aris Water Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued 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 2.30%. Aris Water Solutions's payout ratio is currently 68.29%.
Analyst Ratings Changes
Several research firms have weighed in on ARIS. The Goldman Sachs Group lowered their price target 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. Wells Fargo & Company lowered their target price on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Wall Street Zen cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. One research 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's stock. Based on data from MarketBeat.com, Aris Water Solutions presently has an average rating of "Hold" and a consensus price target of $26.00.
Check Out Our Latest Research Report on Aris Water Solutions
Aris Water Solutions Profile
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Free Report)
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.
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