Federated Hermes Inc. Sells 40,000 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Federated Hermes Inc. lessened its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 808,836 shares of the company’s stock after selling 40,000 shares during the period. Federated Hermes Inc.’s holdings in Aris Water Solutions were worth $6,786,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARIS. SG Americas Securities LLC bought a new stake in Aris Water Solutions in the third quarter valued at $122,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Aris Water Solutions during the third quarter worth about $145,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Aris Water Solutions during the third quarter worth about $169,000. Allspring Global Investments Holdings LLC increased its position in shares of 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 acquiring an additional 29,264 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC boosted its holdings in Aris Water Solutions by 40.8% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 244,125 shares of the company’s stock worth $2,436,000 after purchasing an additional 70,737 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $14.65 on Friday. The firm’s 50 day simple moving average is $12.93 and its 200 day simple moving average is $10.02. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $846.62 million, a PE ratio of 24.42 and a beta of 1.68. Aris Water Solutions, Inc. has a 1-year low of $6.69 and a 1-year high of $15.31.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $104.13 million for the quarter, compared to the consensus estimate of $97.65 million. Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. As a group, analysts expect that Aris Water Solutions, Inc. will post 0.96 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Wednesday, March 6th. Aris Water Solutions’s payout ratio 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.