Whittier Trust Co. Acquires 14,602 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Whittier Trust Co. grew its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 364,094 shares of the company's stock after acquiring an additional 14,602 shares during the quarter. Whittier Trust Co. owned 0.62% of Aris Water Solutions worth $11,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Aris Water Solutions during the 1st quarter worth approximately $867,000. Janney Montgomery Scott LLC boosted its position in shares of Aris Water Solutions by 233.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company's stock valued at $1,246,000 after acquiring an additional 27,246 shares in the last quarter. GAMMA Investing LLC raised its position in Aris Water Solutions by 4,584.0% in the first quarter. GAMMA Investing LLC now owns 29,509 shares of the company's stock worth $921,000 after purchasing an additional 28,879 shares in the last quarter. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 3,522 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Aris Water Solutions by 477.2% in the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company's stock worth $1,439,000 after buying an additional 49,690 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

ARIS has been the topic of several research analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. The Goldman Sachs Group dropped their target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company lowered their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Aris Water Solutions has a consensus rating of "Hold" and an average target price of $26.00.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS traded down $0.80 on Tuesday, hitting $22.23. The company had a trading volume of 513,480 shares, compared to its average volume of 696,880. Aris Water Solutions, Inc. has a 1-year low of $13.34 and a 1-year high of $33.95. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 28.08 and a beta of 1.69. The stock has a 50 day moving average price of $23.85 and a 200 day moving average price of $26.21. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. Analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Thursday, June 5th. Aris Water Solutions's dividend payout ratio (DPR) is 68.29%.

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.