Yorktown Management & Research Co Inc Takes Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Yorktown Management & Research Co Inc acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,700 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in shares of Aris Water Solutions by 3.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock valued at $65,218,000 after purchasing an additional 81,413 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Aris Water Solutions during the 4th quarter worth approximately $29,663,000. Wellington Management Group LLP lifted its position in Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock worth $23,112,000 after acquiring an additional 9,395 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Aris Water Solutions by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company’s stock worth $15,357,000 after acquiring an additional 8,844 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Aris Water Solutions by 76.9% during the 4th quarter. Invesco Ltd. now owns 365,685 shares of the company’s stock worth $8,758,000 after acquiring an additional 159,024 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Wall Street Zen downgraded Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Citigroup restated a “neutral” rating on shares of Aris Water Solutions in a report on Monday, May 12th. Finally, Wells Fargo & Company dropped their price objective on Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.00.

Aris Water Solutions Price Performance

Shares of NYSE ARIS opened at $24.03 on Tuesday. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 29.30 and a beta of 1.71. The business has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $26.33.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The business had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. As a group, equities research analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.33%. Aris Water Solutions’s dividend payout ratio is currently 68.29%.

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.