Whittier Trust Co. of Nevada Inc. lifted its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 187,029 shares of the company's stock after purchasing an additional 11,588 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned 0.32% of Aris Water Solutions worth $5,992,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of ARIS. Quarry LP bought a new position in shares of Aris Water Solutions in the fourth quarter worth $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at $52,000. CWM LLC lifted its holdings in shares of Aris Water Solutions by 303.4% in the first 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 period. Meeder Asset Management Inc. lifted its holdings in shares of Aris Water Solutions by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after buying an additional 1,726 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Aris Water Solutions by 3,062.6% in the first 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. Institutional investors own 39.71% of the company's stock.
Aris Water Solutions Stock Down 0.2%
Aris Water Solutions stock traded down $0.04 during mid-day trading on Friday, hitting $22.13. The company's stock had a trading volume of 552,728 shares, compared to its average volume of 654,620. The firm's 50 day moving average is $23.81 and its 200 day moving average is $26.12. The company has a market cap of $1.31 billion, a PE ratio of 26.99 and a beta of 1.69. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87. Aris Water Solutions, Inc. has a 52-week low of $13.34 and a 52-week high of $33.95.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. On average, analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, June 5th. Aris Water Solutions's dividend payout ratio (DPR) is presently 68.29%.
Analysts Set New Price Targets
Several analysts have recently weighed in on ARIS shares. Wells Fargo & Company cut their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Citigroup reaffirmed 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 research report on Tuesday, May 13th. Finally, The Goldman Sachs Group decreased their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $26.00.
View Our Latest Stock Analysis on Aris Water Solutions
About Aris Water Solutions
(
Free Report)
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.
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