Aris Water Solutions, Inc. $ARIS Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 680.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,843 shares of the company’s stock after acquiring an additional 269,283 shares during the period. Allspring Global Investments Holdings LLC owned about 0.52% of Aris Water Solutions worth $7,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ARIS. Comerica Bank raised its position in shares of Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $41,000 after acquiring an additional 495 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Aris Water Solutions by 478.2% during the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock valued at $49,000 after acquiring an additional 1,272 shares in the last quarter. CWM LLC raised its position in shares of Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company’s stock valued at $62,000 after acquiring an additional 1,444 shares in the last quarter. Ancora Advisors LLC raised its position in shares of Aris Water Solutions by 154.0% during the 1st quarter. Ancora Advisors LLC now owns 2,032 shares of the company’s stock valued at $65,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Aris Water Solutions by 41.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,140 shares of the company’s stock valued at $122,000 after acquiring an additional 1,503 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on ARIS. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Evercore ISI lowered their price objective on Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating for the company in a research note on Monday, August 18th. Zacks Research upgraded Aris Water Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Capital One Financial downgraded Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Aris Water Solutions in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.50.

Aris Water Solutions Trading Down 0.4%

NYSE:ARIS opened at $23.60 on Monday. Aris Water Solutions, Inc. has a 1 year low of $14.46 and a 1 year high of $33.95. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 28.43 and a beta of 1.67. The business has a fifty day moving average of $24.00 and a 200-day moving average of $23.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings results on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%.The business had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. Equities analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

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

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.