Van ECK Associates Corp Increases Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Van ECK Associates Corp raised its position in Aris Water Solutions, Inc. (NYSE:ARISGet Rating) by 59.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,158 shares of the company’s stock after purchasing an additional 36,649 shares during the quarter. Van ECK Associates Corp owned 0.17% of Aris Water Solutions worth $1,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chartwell Investment Partners LLC grew its stake in shares of Aris Water Solutions by 3.6% in the third quarter. Chartwell Investment Partners LLC now owns 106,428 shares of the company’s stock worth $1,358,000 after acquiring an additional 3,742 shares in the last quarter. Strs Ohio grew its stake in shares of Aris Water Solutions by 302.2% in the third quarter. Strs Ohio now owns 18,100 shares of the company’s stock worth $230,000 after acquiring an additional 13,600 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Aris Water Solutions by 13.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 277,461 shares of the company’s stock worth $3,540,000 after acquiring an additional 32,697 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of Aris Water Solutions by 6.9% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 808,588 shares of the company’s stock worth $10,318,000 after acquiring an additional 52,033 shares in the last quarter. Finally, Emerald Advisers LLC grew its stake in shares of Aris Water Solutions by 19.8% in the third quarter. Emerald Advisers LLC now owns 1,008,154 shares of the company’s stock worth $12,864,000 after acquiring an additional 166,618 shares in the last quarter. Hedge funds and other institutional investors own 39.50% of the company’s stock.

Aris Water Solutions Price Performance

NYSE ARIS opened at $15.22 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.59. Aris Water Solutions, Inc. has a 1 year low of $10.63 and a 1 year high of $23.58. The firm has a market capitalization of $872.49 million, a P/E ratio of 1,522.00 and a beta of 2.14. The company has a fifty day moving average of $15.62.

Aris Water Solutions (NYSE:ARISGet Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. Aris Water Solutions had a net margin of 2.10% and a return on equity of 7.26%. The company had revenue of $90.78 million during the quarter, compared to the consensus estimate of $85.92 million. On average, research analysts expect that Aris Water Solutions, Inc. will post 0.18 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Thursday, November 17th were issued a $0.09 dividend. The ex-dividend date was Wednesday, November 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.37%. Aris Water Solutions’s payout ratio is 3,600.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company downgraded shares of Aris Water Solutions from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $20.00 to $17.00 in a research note on Friday, December 16th. StockNews.com downgraded shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Monday, October 31st. Barclays lowered their target price on shares of Aris Water Solutions from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 19th. Raymond James lowered their target price on shares of Aris Water Solutions from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, October 20th. Finally, Citigroup assumed coverage on shares of Aris Water Solutions in a research note on Thursday, December 8th. They set a “buy” rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

Aris Water Solutions Profile

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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.

See Also

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Institutional Ownership by Quarter for Aris Water Solutions (NYSE:ARIS)

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