Vanguard Group Inc. Acquires 17,858 Shares of Aris Water Solutions, Inc. $ARIS

Key Points

• Vanguard Group Inc. increased its stake in Aris Water Solutions, acquiring 17,858 shares to total 1,714,741 shares, valued at approximately $54.94 million.
• Aris Water Solutions recently announced a quarterly dividend of $0.14 per share, representing an annualized dividend yield of 2.3%.
• The company reported earnings per share of $0.19 for the last quarter, falling short of analysts' consensus estimate of $0.24, despite generating $124.09 million in revenue.

Vanguard Group Inc. raised its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,714,741 shares of the company's stock after buying an additional 17,858 shares during the period. Vanguard Group Inc. owned about 2.93% of Aris Water Solutions worth $54,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $27,000. Harbour Investments Inc. increased its stake in shares of Aris Water Solutions by 478.2% during the first 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 position in shares of Aris Water Solutions during the fourth quarter worth approximately $52,000. CWM LLC grew its position in Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after buying an additional 1,444 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Aris Water Solutions by 3,062.6% during the first quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock worth $119,000 after buying an additional 3,522 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Performance

ARIS stock opened at $23.85 on Tuesday. The stock has a 50-day moving average price of $23.01 and a 200-day moving average price of $25.30. Aris Water Solutions, Inc. has a 1-year low of $14.46 and a 1-year high of $33.95. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.41 billion, a PE ratio of 28.73 and a beta of 1.67.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. As a group, equities research analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $0.14 dividend. 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%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. assumed coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price target on the stock. Wells Fargo & Company set a $27.00 price target on Aris Water Solutions in a research report on Tuesday, August 19th. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, The Goldman Sachs Group reduced their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $26.50.

Aris Water Solutions Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.