Aris Water Solutions, Inc. $ARIS Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 195,442 shares of the company’s stock after acquiring an additional 8,413 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Aris Water Solutions were worth $4,620,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ARIS. Driehaus Capital Management LLC acquired a new stake in Aris Water Solutions in the first quarter valued at $39,880,000. First Manhattan CO. LLC. acquired a new stake in Aris Water Solutions in the first quarter valued at $17,313,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in Aris Water Solutions in the second quarter valued at $10,642,000. Nuveen LLC acquired a new stake in Aris Water Solutions in the first quarter valued at $11,366,000. Finally, American Century Companies Inc. grew its holdings in Aris Water Solutions by 73.0% in the first quarter. American Century Companies Inc. now owns 818,709 shares of the company’s stock valued at $26,232,000 after purchasing an additional 345,593 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company set a $27.00 target price on Aris Water Solutions in a report on Tuesday, August 19th. Evercore ISI lowered their target price on Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. assumed coverage on Aris Water Solutions in a report on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 target price on the stock. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Zacks Research raised Aris Water Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.50.

Aris Water Solutions Stock Down 0.4%

ARIS opened at $23.60 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.40 billion, a P/E ratio of 28.43 and a beta of 1.67. Aris Water Solutions, Inc. has a 52 week low of $14.46 and a 52 week high of $33.95. The business’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $23.80.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.19 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 analyst estimates of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, September 4th. This represents a $0.56 annualized dividend and a yield of 2.4%. Aris Water Solutions’s dividend payout ratio is 67.47%.

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.