Deprince Race & Zollo Inc. Lowers Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Deprince Race & Zollo Inc. lowered its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 61.5% during the 2nd quarter, Holdings Channel reports. The firm owned 744,699 shares of the company’s stock after selling 1,191,092 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Aris Water Solutions were worth $11,669,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP grew its stake in shares of Aris Water Solutions by 93.2% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock valued at $16,886,000 after buying an additional 575,536 shares during the last quarter. American Century Companies Inc. raised its stake in Aris Water Solutions by 140.3% in the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after buying an additional 284,788 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after acquiring an additional 139,259 shares in the last quarter. Nicholas Investment Partners LP purchased a new position in Aris Water Solutions in the second quarter worth $1,703,000. Finally, Renaissance Technologies LLC grew its holdings in Aris Water Solutions by 93.5% in the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock worth $3,103,000 after purchasing an additional 95,700 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Down 8.6 %

Shares of NYSE ARIS opened at $16.21 on Friday. 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 business’s 50 day moving average is $16.24 and its two-hundred day moving average is $15.35. The firm has a market cap of $941.96 million, a price-to-earnings ratio of 22.51 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates 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%. Research analysts predict that Aris Water Solutions, Inc. will post 0.88 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.105 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.42 annualized dividend and a yield of 2.59%. Aris Water Solutions’s dividend payout ratio is presently 58.33%.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the sale, the chief operating officer now owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 23.06% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup boosted their target price on Aris Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a research note 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.93.

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.