Van ECK Associates Corp Buys 35,870 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Van ECK Associates Corp grew its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,474 shares of the company’s stock after acquiring an additional 35,870 shares during the period. Van ECK Associates Corp owned 0.32% of Aris Water Solutions worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Aris Water Solutions in the 3rd quarter valued at about $122,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Aris Water Solutions during the 3rd quarter worth $145,000. PNC Financial Services Group Inc. raised its position in shares of Aris Water Solutions by 27.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 16,253 shares of the company’s stock valued at $162,000 after acquiring an additional 3,486 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Aris Water Solutions in the 3rd quarter valued at $169,000. Finally, Principal Financial Group Inc. boosted its position in shares of Aris Water Solutions by 48.4% in the 3rd quarter. Principal Financial Group Inc. now owns 18,593 shares of the company’s stock worth $186,000 after purchasing an additional 6,068 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Trading Down 1.2 %

NYSE:ARIS opened at $16.85 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s fifty day moving average is $13.97 and its 200-day moving average is $10.40. Aris Water Solutions, Inc. has a 52 week low of $7.22 and a 52 week high of $17.27. The firm has a market cap of $973.76 million, a P/E ratio of 28.08 and a beta of 1.65.

Aris Water Solutions (NYSE:ARIS) last announced its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $104.13 million during 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%. Equities analysts expect that Aris Water Solutions, Inc. will post 0.97 earnings per share for the current year.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a dividend yield of 2.49%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 60.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TheStreet upgraded Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. The Goldman Sachs Group increased their target price 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. Wells Fargo & Company boosted 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. Stifel Nicolaus raised their price objective on Aris Water Solutions from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup lifted their target price on Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.42.

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.