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

A number of other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of Aris Water Solutions by 3.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock valued at $65,218,000 after buying an additional 81,413 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Aris Water Solutions by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after buying an additional 9,395 shares in the last quarter. Dimensional Fund Advisors LP increased 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 buying an additional 8,844 shares in the last quarter. Whittier Trust Co. increased its position in shares of Aris Water Solutions by 4.2% in the 1st quarter. Whittier Trust Co. now owns 364,094 shares of the company's stock valued at $11,665,000 after buying an additional 14,602 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Aris Water Solutions by 182.9% in the 1st quarter. New York State Common Retirement Fund now owns 327,538 shares of the company's stock valued at $10,494,000 after buying an additional 211,756 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on ARIS shares. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Wall Street Zen cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Wells Fargo & Company set a $27.00 price objective on shares of Aris Water Solutions in a research report on Tuesday, August 19th. JPMorgan Chase & Co. started coverage on shares of Aris Water Solutions in a research report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. Finally, Capital One Financial cut shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $26.50.

Aris Water Solutions Stock Up 1.1%

ARIS stock traded up $0.28 during trading hours on Friday, reaching $24.27. 714,168 shares of the stock were exchanged, compared to its average volume of 1,626,409. The firm's 50-day moving average is $22.88 and its 200-day moving average is $25.19. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 29.23 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. Aris Water Solutions, Inc. has a 12 month low of $14.46 and a 12 month high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The firm 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%. On average, equities research analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued 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 presently 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.