Aris Water Solutions, Inc. (NYSE:ARIS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 885,467 shares of the company’s stock after selling 20,387 shares during the quarter. Russell Investments Group Ltd.’s holdings in Aris Water Solutions were worth $7,429,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ARIS. SG Americas Securities LLC acquired a new stake in Aris Water Solutions during the 3rd quarter valued at approximately $122,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Aris Water Solutions during the third quarter worth $145,000. PNC Financial Services Group Inc. lifted its position in Aris Water Solutions by 27.3% during the third quarter. PNC Financial Services Group Inc. now owns 16,253 shares of the company’s stock valued at $162,000 after purchasing an additional 3,486 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Aris Water Solutions in the third quarter valued at $169,000. Finally, Principal Financial Group Inc. grew its position in Aris Water Solutions by 48.4% during the 3rd quarter. Principal Financial Group Inc. now owns 18,593 shares of the company’s stock worth $186,000 after purchasing an additional 6,068 shares during the period. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Price Performance

NYSE:ARIS opened at $15.63 on Wednesday. Aris Water Solutions, Inc. has a one year low of $6.91 and a one year high of $15.77. The stock has a market cap of $903.26 million, a PE ratio of 26.05 and a beta of 1.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50 day moving average price of $13.73 and a 200 day moving average price of $10.31.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings results 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). Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. The firm had revenue of $104.13 million during the quarter, compared to analysts’ expectations of $97.65 million. Equities research analysts expect that Aris Water Solutions, Inc. will post 0.97 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Wednesday, March 6th. Aris Water Solutions’s dividend payout ratio (DPR) is 60.00%.

Wall Street Analyst Weigh In

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

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.