Voya Investment Management LLC Sells 1,332 Shares of Aris Water Solutions, Inc. $ARIS

Voya Investment Management LLC trimmed its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,212 shares of the company’s stock after selling 1,332 shares during the quarter. Voya Investment Management LLC’s holdings in Aris Water Solutions were worth $231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank grew its position in Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $41,000 after acquiring an additional 495 shares during the last quarter. Harbour Investments Inc. grew its position in Aris Water Solutions by 478.2% during the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock worth $49,000 after acquiring an additional 1,272 shares during the last quarter. CWM LLC grew its position in Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company’s stock worth $62,000 after acquiring an additional 1,444 shares during the last quarter. Ancora Advisors LLC grew its position in Aris Water Solutions by 154.0% during the 1st quarter. Ancora Advisors LLC now owns 2,032 shares of the company’s stock worth $65,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Aris Water Solutions by 3,062.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company’s stock worth $119,000 after acquiring an additional 3,522 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Stock Down 1.9%

Shares of NYSE:ARIS opened at $24.20 on Tuesday. The stock has a fifty day simple moving average of $23.22 and a two-hundred day simple moving average of $24.57. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 29.16 and a beta of 1.68. Aris Water Solutions, Inc. has a 12-month low of $14.46 and a 12-month high of $33.95. 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 (NYSE:ARIS) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $124.09 million for the quarter, compared to analysts’ expectations of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. On average, research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. Aris Water Solutions’s payout ratio is presently 67.47%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Capital One Financial lowered Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Zacks Research upgraded Aris Water Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Evercore ISI cut their price objective on Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating on the stock in a research report on Monday, August 18th. JPMorgan Chase & Co. began coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 price objective on the stock. Finally, Wells Fargo & Company set a $27.00 price objective on Aris Water Solutions in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.50.

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.