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

Van ECK Associates Corp grew its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 23.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 187,474 shares of the company’s stock after purchasing an additional 35,870 shares during the quarter. Van ECK Associates Corp’s holdings in Aris Water Solutions were worth $1,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Aris Water Solutions in the third quarter worth $122,000. Raymond James Financial Services Advisors Inc. purchased a new position in Aris Water Solutions during the 3rd quarter valued at approximately $145,000. PNC Financial Services Group Inc. increased its stake in Aris Water Solutions by 27.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,253 shares of the company’s stock worth $162,000 after acquiring an additional 3,486 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Aris Water Solutions during the 3rd quarter worth approximately $169,000. Finally, Principal Financial Group Inc. boosted its position in shares of Aris Water Solutions by 48.4% during the 3rd 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 during the last quarter. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Trading Down 1.2 %

Shares of NYSE ARIS opened at $16.85 on Friday. Aris Water Solutions, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $17.27. 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 company has a market cap of $973.76 million, a price-to-earnings ratio of 28.08 and a beta of 1.65. The business’s 50 day moving average price is $13.97 and its 200-day moving average price is $10.40.

Aris Water Solutions (NYSE:ARIS) last released 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 business had revenue of $104.13 million during the quarter, compared to analysts’ expectations of $97.65 million. Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. On average, sell-side analysts expect that Aris Water Solutions, Inc. will post 0.97 earnings per share for the current year.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.105 dividend. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.09. This represents a $0.42 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Thursday, June 6th. Aris Water Solutions’s dividend payout ratio is currently 60.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Aris Water Solutions from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company increased their price target on shares of Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. The Goldman Sachs Group upped their price objective on Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Citigroup lifted their target price on Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, TheStreet upgraded Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Aris Water Solutions has a consensus rating of “Moderate Buy” and an average price target of $13.42.

About Aris Water Solutions

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.