Swiss National Bank Takes $1.53 Million Position in 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 acquired a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 47,600 shares of the company's stock, valued at approximately $1,525,000. Swiss National Bank owned 0.08% of Aris Water Solutions at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Aris Water Solutions in the 4th quarter worth about $27,000. Harbour Investments Inc. grew its position in Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after purchasing an additional 1,272 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions in the 4th quarter worth approximately $52,000. CWM LLC raised its stake in Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after buying an additional 1,444 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Aris Water Solutions by 3,062.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock valued at $119,000 after buying an additional 3,522 shares during the period. 39.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ARIS has been the subject of several research analyst reports. The Goldman Sachs Group cut their price objective 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. Capital One Financial cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Finally, Evercore ISI dropped their price objective on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Price Performance

Shares of NYSE ARIS traded up $0.11 during midday trading on Thursday, reaching $23.97. The stock had a trading volume of 666,090 shares, compared to its average volume of 926,073. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 28.87 and a beta of 1.67. Aris Water Solutions, Inc. has a 12-month low of $14.46 and a 12-month high of $33.95. The stock has a 50-day moving average of $22.94 and a 200-day moving average of $25.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.19 earnings per share 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 firm had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. As a group, research analysts anticipate 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 will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.3%. Aris Water Solutions's dividend payout ratio (DPR) is currently 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.