Aris Water Solutions, Inc. (NYSE:ARIS) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 31.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,101 shares of the company’s stock after acquiring an additional 3,897 shares during the period. SG Americas Securities LLC’s holdings in Aris Water Solutions were worth $135,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Aris Water Solutions by 23.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,614,942 shares of the company’s stock valued at $52,092,000 after buying an additional 686,500 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Aris Water Solutions by 59.9% in the 2nd quarter. BlackRock Inc. now owns 2,012,623 shares of the company’s stock valued at $20,770,000 after buying an additional 754,175 shares in the last quarter. Ranger Investment Management L.P. boosted its holdings in shares of Aris Water Solutions by 41.7% in the 3rd quarter. Ranger Investment Management L.P. now owns 2,010,487 shares of the company’s stock valued at $20,065,000 after buying an additional 592,071 shares in the last quarter. Wellington Management Group LLP raised its position in Aris Water Solutions by 7.1% in the 1st quarter. Wellington Management Group LLP now owns 1,985,850 shares of the company’s stock valued at $36,143,000 after purchasing an additional 130,869 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Aris Water Solutions by 50.8% in the 1st quarter. Federated Hermes Inc. now owns 1,885,000 shares of the company’s stock valued at $34,307,000 after purchasing an additional 635,000 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Stock Down 3.4 %

Shares of Aris Water Solutions stock opened at $13.48 on Thursday. The company has a market cap of $779.08 million, a P/E ratio of 22.47 and a beta of 1.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. Aris Water Solutions, Inc. has a one year low of $6.69 and a one year high of $15.31. The firm has a fifty day moving average of $12.29 and a two-hundred day moving average of $9.84.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $104.13 million for 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, analysts forecast that Aris Water Solutions, Inc. will post 0.96 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.36 annualized dividend and a yield of 2.67%. Aris Water Solutions’s payout ratio is currently 60.00%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ARIS. The Goldman Sachs Group upped their price target on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company upped 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 research report on Thursday, March 7th. Citigroup upped their price target on shares of Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Finally, TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Two research 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, the company currently has an average rating of “Moderate Buy” and an average price target of $11.79.

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.