American Century Companies Inc. Has $7.64 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

American Century Companies Inc. raised its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 140.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 487,840 shares of the company's stock after buying an additional 284,788 shares during the quarter. American Century Companies Inc. owned about 0.84% of Aris Water Solutions worth $7,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ARIS. Kayne Anderson Capital Advisors LP raised its position 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. Wasatch Advisors LP raised its position in shares of Aris Water Solutions by 14.4% during the fourth quarter. Wasatch Advisors LP now owns 686,694 shares of the company's stock valued at $5,761,000 after buying an additional 86,207 shares during the last quarter. Kings Path Partners LLC bought a new stake in shares of Aris Water Solutions during the second quarter valued at approximately $1,026,000. GSA Capital Partners LLP increased its position in Aris Water Solutions by 271.8% in the first quarter. GSA Capital Partners LLP now owns 87,979 shares of the company's stock worth $1,245,000 after purchasing an additional 64,318 shares during the last quarter. Finally, Scout Investments Inc. increased its position in Aris Water Solutions by 9.2% in the fourth quarter. Scout Investments Inc. now owns 568,267 shares of the company's stock worth $4,768,000 after purchasing an additional 47,692 shares during the last quarter. Institutional investors own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price target on shares of Aris Water Solutions from $14.00 to $18.00 and gave the stock a "buy" rating in a research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $14.93.

Insiders Place Their Bets

In other Aris Water Solutions 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 transaction, 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 SEC, which is available at the SEC website. 23.06% of the stock is currently owned by insiders.

Aris Water Solutions Trading Up 6.4 %

Aris Water Solutions stock traded up $1.14 during trading on Tuesday, reaching $18.83. 816,376 shares of the company were exchanged, compared to its average volume of 343,371. Aris Water Solutions, Inc. has a 52-week low of $7.22 and a 52-week high of $18.99. The company has a market capitalization of $1.09 billion, a P/E ratio of 26.15 and a beta of 1.62. The stock's 50 day simple moving average is $16.21 and its two-hundred day simple moving average is $15.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued 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. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. The business had revenue of $101.12 million during the quarter, compared to analysts' expectations of $97.86 million. On average, equities research analysts expect that Aris Water Solutions, Inc. will post 0.88 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, September 5th. Aris Water Solutions's payout ratio is 58.33%.

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.