Knights of Columbus Asset Advisors LLC Lowers Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Knights of Columbus Asset Advisors LLC decreased its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 64.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 86,810 shares of the company's stock after selling 157,315 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.15% of Aris Water Solutions worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Ranger Investment Management L.P. raised its position in shares of Aris Water Solutions by 41.7% during the third quarter. Ranger Investment Management L.P. now owns 2,010,487 shares of the company's stock worth $20,065,000 after purchasing an additional 592,071 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Aris Water Solutions by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 558,529 shares of the company's stock worth $5,574,000 after buying an additional 29,264 shares during the last quarter. Scout Investments Inc. raised its holdings in Aris Water Solutions by 2.0% during the third quarter. Scout Investments Inc. now owns 520,575 shares of the company's stock worth $5,044,000 after buying an additional 10,141 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Aris Water Solutions by 48.4% in the third quarter. Envestnet Asset Management Inc. now owns 309,002 shares of the company's stock valued at $3,084,000 after buying an additional 100,734 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Aris Water Solutions by 12.5% during the third quarter. Stifel Financial Corp now owns 252,476 shares of the company's stock valued at $2,520,000 after buying an additional 28,018 shares during the last quarter. Institutional investors own 39.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup raised their price target on shares of Aris Water Solutions from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, March 4th. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $14.50 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Wells Fargo & Company raised their price objective on Aris Water Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Thursday, March 7th. Finally, TheStreet upgraded shares of Aris Water Solutions from a "d+" rating to a "c-" rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions currently has an average rating of "Moderate Buy" and an average price target of $12.25.

Aris Water Solutions Stock Performance

ARIS stock traded up $0.13 during midday trading on Monday, hitting $14.06. The company's stock had a trading volume of 274,314 shares, compared to its average volume of 280,452. Aris Water Solutions, Inc. has a 1 year low of $6.69 and a 1 year high of $15.31. The stock's 50-day moving average price is $12.59 and its 200 day moving average price is $9.92. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The stock has a market cap of $812.60 million, a price-to-earnings ratio of 23.43 and a beta of 1.68.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $104.13 million during the quarter, compared to analysts' expectations of $97.65 million. Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. On average, equities analysts forecast that Aris Water Solutions, Inc. will post 0.96 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.36 dividend on an annualized basis and a yield of 2.56%. Aris Water Solutions's dividend payout ratio (DPR) is 60.00%.

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.