Aris Water Solutions, Inc. (NYSE:ARIS) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 2,346.0% during the third quarter, Holdings Channel reports. The firm owned 2,446 shares of the company’s stock after buying an additional 2,346 shares during the period. New York State Teachers Retirement System’s holdings in Aris Water Solutions were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions in the 2nd quarter valued at approximately $27,000. 1620 Investment Advisors Inc. acquired a new stake in Aris Water Solutions in the 2nd quarter valued at approximately $46,000. Point72 Asset Management L.P. acquired a new stake in Aris Water Solutions in the 2nd quarter valued at approximately $82,000. Quadrature Capital Ltd acquired a new stake in Aris Water Solutions in the 1st quarter valued at approximately $166,000. Finally, Algert Global LLC acquired a new stake in Aris Water Solutions in the 2nd quarter valued at approximately $199,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Evercore ISI lifted their price target on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, US Capital Advisors upgraded Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Aris Water Solutions Stock Performance

ARIS opened at $25.25 on Tuesday. The firm has a market cap of $1.47 billion, a PE ratio of 31.56 and a beta of 1.62. The company has a quick ratio of 1.30, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $17.08 and a 200-day simple moving average of $16.14. Aris Water Solutions, Inc. has a fifty-two week low of $7.22 and a fifty-two week high of $25.62.

Aris Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.105 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.66%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Aris Water Solutions 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.