Aris Water Solutions, Inc. (NYSE:ARIS) Given Average 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 been assigned a consensus recommendation of "Hold" from the eight research firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $26.50.

ARIS has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a research report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective on the stock. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Wall Street Zen lowered shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group decreased their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a research note on Tuesday, August 19th.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth about $27,000. Comerica Bank boosted its stake in shares of Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $41,000 after purchasing an additional 495 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Aris Water Solutions by 7,114.3% during the 2nd quarter. AlphaQuest LLC now owns 1,515 shares of the company's stock worth $36,000 after purchasing an additional 1,494 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Aris Water Solutions by 478.2% during the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after purchasing an additional 1,272 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after purchasing an additional 1,444 shares during the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock traded up $0.28 on Monday, hitting $24.27. The company's stock had a trading volume of 714,168 shares, compared to its average volume of 1,620,554. Aris Water Solutions has a 52-week low of $14.46 and a 52-week high of $33.95. 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 fifty day moving average price of $22.88 and a 200-day moving average price of $25.20. The company has a market capitalization of $1.44 billion, a P/E ratio of 29.23 and a beta of 1.67.

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

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions's dividend payout ratio (DPR) is currently 67.47%.

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.