Aris Water Solutions, Inc. (NYSE:ARIS) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Aris Water Solutions, Inc. has received a consensus rating of "Hold" from eight analysts, with six hold ratings and two buy ratings, along with an average price target of $26.50.
• Institutional investors hold 39.71% of Aris Water Solutions' stock, with significant increases in holdings from firms such as AlphaQuest LLC and Harbour Investments Inc.
• The company announced a quarterly dividend of $0.14 per share, corresponding to an annualized yield of 2.3%, with a payout ratio of 67.47%.

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) have received a consensus rating of "Hold" from the eight ratings firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $26.50.

Several analysts recently issued reports on ARIS shares. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. started coverage on Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. The Goldman Sachs Group decreased their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Evercore ISI decreased their price objective on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a report on Monday, August 18th. Finally, Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th.

Institutional Investors Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARIS. Quarry LP bought a new stake in Aris Water Solutions during the fourth quarter worth approximately $27,000. AlphaQuest LLC raised its holdings in Aris Water Solutions by 7,114.3% during the second quarter. AlphaQuest LLC now owns 1,515 shares of the company's stock worth $36,000 after purchasing an additional 1,494 shares in the last quarter. Comerica Bank raised its holdings in Aris Water Solutions by 64.4% during the first quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $41,000 after purchasing an additional 495 shares in the last quarter. Harbour Investments Inc. raised its holdings in Aris Water Solutions by 478.2% during the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions during the fourth quarter worth approximately $52,000. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS traded up $0.11 during trading on Monday, reaching $23.97. The stock had a trading volume of 666,090 shares, compared to its average volume of 926,073. Aris Water Solutions has a one year low of $14.46 and a one year high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $1.42 billion, a PE ratio of 28.87 and a beta of 1.67. The firm's 50 day moving average price is $22.94 and its two-hundred day moving average price is $25.28.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. On average, research analysts forecast that Aris Water Solutions will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

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