Penserra Capital Management LLC Has $1.92 Million Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Penserra Capital Management LLC cut its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 53.2% in the first 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 period. Penserra Capital Management LLC owned approximately 0.10% of Aris Water Solutions worth $1,916,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Aris Water Solutions during the 4th quarter worth $27,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions during the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new stake in Aris Water Solutions during the fourth quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions during the fourth quarter valued at about $52,000. Finally, Meeder Asset Management Inc. boosted its holdings in Aris Water Solutions by 74.5% during the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after acquiring an additional 1,726 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Stock Performance

ARIS traded up $0.08 during trading on Friday, reaching $23.03. 691,100 shares of the company's stock were exchanged, compared to its average volume of 645,639. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $23.85 and a 200 day moving average price of $26.20. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The company has a market capitalization of $1.36 billion, a P/E ratio of 28.09 and a beta of 1.69.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its 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. The business had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. As a group, analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, June 5th. Aris Water Solutions's dividend payout ratio is 68.29%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ARIS shares. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wall Street Zen downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. 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 on the stock in a research note on Thursday, May 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock 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 given a buy rating to the company. According to MarketBeat, Aris Water Solutions presently has a consensus rating of "Hold" and a consensus price target of $26.00.

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.