Rhumbline Advisers Boosts Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Rhumbline Advisers increased its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 1.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,083 shares of the company’s stock after buying an additional 758 shares during the period. Rhumbline Advisers’ holdings in Aris Water Solutions were worth $691,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Clearbridge Investments LLC lifted its holdings in Aris Water Solutions by 7.2% during the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock worth $8,237,000 after purchasing an additional 39,145 shares in the last quarter. Wasatch Advisors LP grew its stake in Aris Water Solutions by 14.4% in the 4th quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock worth $5,761,000 after buying an additional 86,207 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Aris Water Solutions by 271.8% in the 1st quarter. GSA Capital Partners LLP now owns 87,979 shares of the company’s stock worth $1,245,000 after buying an additional 64,318 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Aris Water Solutions during the 2nd quarter valued at $554,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Aris Water Solutions during the 1st quarter worth $338,000. Institutional investors own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup raised their price objective on Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.93.

Insider Transactions at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the sale, the chief operating officer now directly owns 94,690 shares of the company’s stock, valued at $1,405,199.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.06% of the company’s stock.

Aris Water Solutions Stock Up 6.4 %

Shares of NYSE ARIS opened at $18.83 on Wednesday. The firm’s fifty day moving average is $16.21 and its 200 day moving average is $15.33. Aris Water Solutions, Inc. has a 52 week low of $7.22 and a 52 week high of $18.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 26.15 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $101.12 million during the quarter, compared to analysts’ expectations of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. On average, equities research analysts expect that Aris Water Solutions, Inc. will post 0.88 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, September 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 58.33%.

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.