Tower Research Capital LLC TRC Acquires 4,503 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Tower Research Capital LLC TRC increased its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 221.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,536 shares of the company’s stock after buying an additional 4,503 shares during the period. Tower Research Capital LLC TRC’s holdings in Aris Water Solutions were worth $55,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ARIS. PNC Financial Services Group Inc. lifted its stake in Aris Water Solutions by 27.3% in the third quarter. PNC Financial Services Group Inc. now owns 16,253 shares of the company’s stock valued at $162,000 after buying an additional 3,486 shares during the period. SG Americas Securities LLC boosted its stake in Aris Water Solutions by 31.9% during the 4th quarter. SG Americas Securities LLC now owns 16,101 shares of the company’s stock worth $135,000 after acquiring an additional 3,897 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in Aris Water Solutions by 2.0% during the third quarter. Brandywine Global Investment Management LLC now owns 235,200 shares of the company’s stock valued at $2,347,000 after purchasing an additional 4,600 shares during the period. New York State Common Retirement Fund increased its stake in Aris Water Solutions by 18.7% in the third quarter. New York State Common Retirement Fund now owns 33,570 shares of the company’s stock valued at $335,000 after purchasing an additional 5,292 shares in the last quarter. Finally, Bridge City Capital LLC raised its holdings in Aris Water Solutions by 6.8% in the third quarter. Bridge City Capital LLC now owns 86,512 shares of the company’s stock worth $863,000 after purchasing an additional 5,523 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Stock Down 1.1 %

ARIS stock traded down $0.16 during midday trading on Monday, hitting $14.65. The company’s stock had a trading volume of 277,201 shares, compared to its average volume of 281,151. The company’s fifty day moving average price is $13.14 and its 200 day moving average price is $10.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12. Aris Water Solutions, Inc. has a twelve month low of $6.78 and a twelve month high of $15.31. The stock has a market capitalization of $846.62 million, a P/E ratio of 24.42 and a beta of 1.68.

Aris Water Solutions (NYSE:ARIS) last released its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. The company had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million. As a group, equities research analysts predict that Aris Water Solutions, Inc. will post 0.96 EPS for the current year.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.36 annualized dividend and a dividend yield of 2.46%. Aris Water Solutions’s dividend payout ratio is presently 60.00%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup upped their price objective on shares of Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Wells Fargo & Company lifted their price target on shares of Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. TheStreet raised shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Aris Water Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

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.