Penserra Capital Management LLC cut its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 53.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,804 shares of the company's stock after selling 67,847 shares during the quarter. Penserra Capital Management LLC owned about 0.10% of Aris Water Solutions worth $1,916,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Aris Water Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock valued at $365,000 after purchasing an additional 557 shares during the last quarter. Quarry LP acquired a new stake in Aris Water Solutions during the 4th quarter valued at $27,000. Larson Financial Group LLC acquired a new stake in Aris Water Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new stake in Aris Water Solutions during the 4th quarter valued at $33,000. Finally, Centiva Capital LP lifted its holdings in Aris Water Solutions by 11.1% during the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company's stock valued at $327,000 after purchasing an additional 1,368 shares during the last quarter. 39.71% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on ARIS shares. Wells Fargo & Company dropped their target price on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. The Goldman Sachs Group dropped their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One equities 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $26.00.
Read Our Latest Stock Report on Aris Water Solutions
Aris Water Solutions Stock Performance
Shares of ARIS opened at $23.31 on Tuesday. The stock's 50-day simple moving average is $24.03 and its 200 day simple moving average is $26.26. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.43 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 52-week low of $13.34 and a 52-week high of $33.95.
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 return on equity of 3.77% and a net margin of 6.15%. The firm had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. Research analysts forecast 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. Stockholders of record on Thursday, June 5th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Thursday, June 5th. Aris Water Solutions's dividend payout ratio is presently 68.29%.
About Aris Water Solutions
(
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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