Strs Ohio Raises Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Strs Ohio grew its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 238.4% during the 4th quarter, Holdings Channel reports. The fund owned 55,500 shares of the company’s stock after acquiring an additional 39,100 shares during the period. Strs Ohio’s holdings in Aris Water Solutions were worth $465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Aris Water Solutions in the third quarter valued at $122,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Aris Water Solutions in the third quarter valued at $145,000. PNC Financial Services Group Inc. lifted its position in shares of Aris Water Solutions by 27.3% in the third quarter. PNC Financial Services Group Inc. now owns 16,253 shares of the company’s stock valued at $162,000 after acquiring an additional 3,486 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Aris Water Solutions in the third quarter valued at $169,000. Finally, Principal Financial Group Inc. lifted its position in shares of Aris Water Solutions by 48.4% in the third quarter. Principal Financial Group Inc. now owns 18,593 shares of the company’s stock valued at $186,000 after acquiring an additional 6,068 shares in the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $14.81 on Monday. The stock’s 50-day moving average is $13.04 and its 200-day moving average is $10.05. The company has a market cap of $855.87 million, a price-to-earnings ratio of 24.68 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, Inc. has a 12 month low of $6.78 and a 12 month 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. The company had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million. Equities analysts anticipate that Aris Water Solutions, Inc. will post 0.96 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $0.09 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.43%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 60.00%.

Analyst Ratings Changes

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

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.