Allspring Global Investments Holdings LLC Sells 126,493 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Allspring Global Investments Holdings LLC lessened its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 76.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,560 shares of the company’s stock after selling 126,493 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.07% of Aris Water Solutions worth $1,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of Aris Water Solutions in the 4th quarter worth $27,000. Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions in the 4th quarter worth $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Aris Water Solutions in the 4th quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Aris Water Solutions in the 4th quarter worth $52,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Aris Water Solutions by 74.5% in the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock worth $97,000 after purchasing an additional 1,726 shares in the last quarter. Institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

ARIS has been the subject of a number of research analyst reports. Wall Street Zen lowered Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Wells Fargo & Company dropped their price target on Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Citigroup restated a “neutral” rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Finally, The Goldman Sachs Group dropped their price target on Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions has an average rating of “Hold” and a consensus price target of $26.00.

Aris Water Solutions Price Performance

NYSE ARIS opened at $24.31 on Wednesday. The company has a market capitalization of $1.44 billion, a PE ratio of 29.65 and a beta of 1.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 1.87. The business’s fifty day moving average is $24.00 and its 200 day moving average is $26.25. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95.

Aris Water Solutions (NYSE:ARIS) last released its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. Sell-side analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.30%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 68.29%.

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.