Russell Investments Group Ltd. Trims Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Russell Investments Group Ltd. lessened its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 885,467 shares of the company’s stock after selling 20,387 shares during the quarter. Russell Investments Group Ltd. owned approximately 1.53% of Aris Water Solutions worth $7,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Aris Water Solutions during the third quarter valued at approximately $122,000. Raymond James Financial Services Advisors Inc. purchased a new position in Aris Water Solutions during the third quarter valued at $145,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Aris Water Solutions in the third quarter worth $169,000. Allspring Global Investments Holdings LLC grew its stake in shares of Aris Water Solutions by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 558,529 shares of the company’s stock worth $5,574,000 after acquiring an additional 29,264 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its holdings in shares of Aris Water Solutions by 40.8% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 244,125 shares of the company’s stock valued at $2,436,000 after acquiring an additional 70,737 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS opened at $15.63 on Wednesday. The firm’s 50-day moving average price is $13.73 and its 200-day moving average price is $10.31. Aris Water Solutions, Inc. has a 52-week low of $6.91 and a 52-week high of $15.77. The company has a market cap of $903.26 million, a PE ratio of 26.05 and a beta of 1.65. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. The company had revenue of $104.13 million during the quarter, compared to analysts’ expectations of $97.65 million. As a group, analysts anticipate that Aris Water Solutions, Inc. will post 0.97 EPS for the current year.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, March 6th. Aris Water Solutions’s payout ratio is currently 60.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup upped their price target on shares of Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. 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. Finally, The Goldman Sachs Group boosted their price objective on shares of Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.25.

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.