Swiss National Bank Acquires Shares of 47,600 Aris Water Solutions, Inc. $ARIS

Key Points

• Swiss National Bank acquired 47,600 shares of Aris Water Solutions, valued at approximately $1,525,000, representing a 0.08% stake in the company.
• Aris Water Solutions declared a quarterly dividend of $0.14 per share, with the ex-dividend date set for September 4th, yielding an annualized 2.3%.
• Analysts have downgraded Aris Water Solutions' stock rating from "hold" to "sell," with a consensus rating of "Hold" and an average price target of $26.50.

Swiss National Bank bought a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 47,600 shares of the company's stock, valued at approximately $1,525,000. Swiss National Bank owned approximately 0.08% of Aris Water Solutions at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ARIS. Envestnet Asset Management Inc. grew its position in Aris Water Solutions by 28.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 18,529 shares of the company's stock valued at $444,000 after purchasing an additional 4,086 shares in the last quarter. Legal & General Group Plc grew its position in shares of Aris Water Solutions by 38.1% in the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after acquiring an additional 1,594 shares during the period. Barclays PLC grew its position in shares of Aris Water Solutions by 16.1% in the 4th quarter. Barclays PLC now owns 40,742 shares of the company's stock valued at $975,000 after acquiring an additional 5,640 shares during the period. Jump Financial LLC bought a new position in shares of Aris Water Solutions in the 4th quarter valued at about $323,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Aris Water Solutions by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock valued at $15,357,000 after acquiring an additional 8,844 shares during the period. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Performance

Shares of ARIS stock traded up $0.28 during midday trading on Friday, hitting $24.27. 714,168 shares of the company were exchanged, compared to its average volume of 1,620,554. The firm has a market capitalization of $1.44 billion, a P/E ratio of 29.23 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. The firm's 50 day moving average price is $22.88 and its two-hundred day moving average price is $25.20. Aris Water Solutions, Inc. has a 52 week low of $14.46 and a 52 week high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced 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). The company had revenue of $124.09 million for the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. As a group, equities research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. Aris Water Solutions's payout ratio is currently 67.47%.

Analyst Ratings Changes

A number of research analysts have recently commented on ARIS shares. The Goldman Sachs Group decreased their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. US Capital Advisors downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Evercore ISI decreased their price objective on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a research report on Monday, August 18th. Finally, Wells Fargo & Company set a $27.00 price objective on shares of Aris Water Solutions in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $26.50.

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.