Nuveen LLC Purchases Shares of 354,759 Aris Water Solutions, Inc. $ARIS

Nuveen LLC purchased a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the first quarter, Holdings Channel reports. The firm purchased 354,759 shares of the company’s stock, valued at approximately $11,366,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Invesco Ltd. boosted its holdings in Aris Water Solutions by 49.2% during the 1st quarter. Invesco Ltd. now owns 545,733 shares of the company’s stock worth $17,485,000 after acquiring an additional 180,048 shares during the last quarter. Swiss National Bank purchased a new position in Aris Water Solutions during the 1st quarter worth $1,525,000. Charles Schwab Investment Management Inc. boosted its holdings in Aris Water Solutions by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 79,589 shares of the company’s stock worth $2,550,000 after acquiring an additional 642 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Aris Water Solutions by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company’s stock worth $54,940,000 after acquiring an additional 17,858 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in Aris Water Solutions by 2,146.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 310,933 shares of the company’s stock worth $9,962,000 after acquiring an additional 297,089 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ARIS. Wall Street Zen downgraded shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Citigroup reaffirmed a “neutral” rating on shares of Aris Water Solutions in a report on Monday, May 12th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday. Capital One Financial downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Aris Water Solutions currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Aris Water Solutions Price Performance

ARIS opened at $23.8950 on Friday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 28.79 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $23.04 and a 200-day moving average price of $25.35. Aris Water Solutions, Inc. has a twelve month low of $14.46 and a twelve month high of $33.95.

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

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions’s payout ratio is currently 67.47%.

Aris Water Solutions Company 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.