Aris Water Solutions, Inc. (NYSE:ARIS) Shares Bought by Whittier Trust Co.

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

Several other large investors have also recently bought and sold shares of ARIS. Sequoia Financial Advisors LLC purchased a new position in Aris Water Solutions in the fourth quarter valued at $266,000. Counterpoint Mutual Funds LLC grew its holdings in shares of Aris Water Solutions by 602.9% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 74,342 shares of the company's stock worth $1,780,000 after purchasing an additional 63,766 shares during the last quarter. Horizon Kinetics Asset Management LLC purchased a new position in shares of Aris Water Solutions during the fourth quarter worth about $5,492,000. Intech Investment Management LLC purchased a new position in shares of Aris Water Solutions during the fourth quarter worth about $237,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Aris Water Solutions by 7,161.6% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 175,441 shares of the company's stock worth $4,202,000 after purchasing an additional 173,025 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Performance

NYSE:ARIS traded up $0.06 during mid-day trading on Friday, reaching $22.23. The stock had a trading volume of 374,717 shares, compared to its average volume of 652,477. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 1.87. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 27.12 and a beta of 1.69. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95. The business has a 50 day simple moving average of $23.80 and a 200 day simple moving average of $26.13.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. On average, analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal 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 given a $0.14 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.52%. Aris Water Solutions's payout ratio is currently 68.29%.

Analyst Ratings Changes

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

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.