Nuveen LLC Acquires Shares of 354,759 Aris Water Solutions, Inc. $ARIS

Nuveen LLC acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 354,759 shares of the company’s stock, valued at approximately $11,366,000. Nuveen LLC owned about 0.61% of Aris Water Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ARIS. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Aris Water Solutions in the first quarter valued at about $867,000. Janney Montgomery Scott LLC grew its stake in shares of Aris Water Solutions by 233.8% in the first quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company’s stock valued at $1,246,000 after acquiring an additional 27,246 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Aris Water Solutions by 4,584.0% in the first quarter. GAMMA Investing LLC now owns 29,509 shares of the company’s stock valued at $921,000 after acquiring an additional 28,879 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Aris Water Solutions by 3,062.6% in the first quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company’s stock valued at $119,000 after acquiring an additional 3,522 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Aris Water Solutions by 11.2% in the first quarter. Envestnet Asset Management Inc. now owns 20,599 shares of the company’s stock valued at $660,000 after acquiring an additional 2,070 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Stock Up 0.7%

ARIS stock opened at $23.8950 on Friday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 28.79 and a beta of 1.67. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 12 month low of $14.46 and a 12 month high of $33.95. The firm has a 50-day moving average price of $23.04 and a 200-day moving average price of $25.35.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%.The company had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. As a group, equities research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions’s dividend payout ratio is currently 67.47%.

Wall Street Analyst Weigh In

ARIS has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of 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. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a research note on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 price target on the stock. Capital One Financial downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen cut shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. Finally, Evercore ISI cut their price objective on shares of Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating for the company in a research report on Monday. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.50.

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.