Aris Water Solutions, Inc. (NYSE:ARIS) Stake Raised by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 31.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,101 shares of the company’s stock after purchasing an additional 3,897 shares during the quarter. SG Americas Securities LLC’s holdings in Aris Water Solutions were worth $135,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. American International Group Inc. increased its stake in shares of Aris Water Solutions by 6.7% during the second quarter. American International Group Inc. now owns 10,306 shares of the company’s stock valued at $172,000 after acquiring an additional 644 shares during the period. Legal & General Group Plc increased its stake in shares of Aris Water Solutions by 39.8% during the second quarter. Legal & General Group Plc now owns 2,430 shares of the company’s stock valued at $41,000 after acquiring an additional 692 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Aris Water Solutions by 64.2% during the second quarter. Ameritas Investment Partners Inc. now owns 2,469 shares of the company’s stock valued at $25,000 after acquiring an additional 965 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Aris Water Solutions by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 60,580 shares of the company’s stock valued at $873,000 after acquiring an additional 1,191 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Aris Water Solutions by 4.6% during the first quarter. Rhumbline Advisers now owns 29,081 shares of the company’s stock valued at $227,000 after acquiring an additional 1,282 shares during the period. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Price Performance

NYSE ARIS opened at $13.48 on Thursday. The company has a 50 day simple moving average of $12.29 and a 200-day simple moving average of $9.84. Aris Water Solutions, Inc. has a 52-week low of $6.69 and a 52-week high of $15.31. The firm has a market capitalization of $779.08 million, a price-to-earnings ratio of 22.47 and a beta of 1.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12.

Aris Water Solutions (NYSE:ARIS) last released its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. The company had revenue of $104.13 million during the quarter, compared to analysts’ expectations of $97.65 million. Equities research analysts predict that Aris Water Solutions, Inc. will post 0.96 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 Thursday, March 21st. Investors of record on Thursday, March 7th were given 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 2.67%. Aris Water Solutions’s payout ratio is 60.00%.

Wall Street Analyst Weigh In

Several research firms have issued reports on ARIS. Wells Fargo & Company lifted their price target on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Citigroup lifted their price target on shares of Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.79.

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.