450,000 Shares in Aris Water Solutions, Inc. $ARIS Purchased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

Key Points

• CUSHING ASSET MANAGEMENT LP acquired 450,000 shares of Aris Water Solutions, Inc., valued at around $10.6 million, representing 0.76% ownership in the company as of the latest quarter.
• Aris Water Solutions has a current dividend yield of 2.3%, with a quarterly dividend of $0.14 paid to shareholders.
• Analysts have given Aris an average rating of "Hold" with a consensus price target of $26.50, following various rating adjustments from several investment firms.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 450,000 shares of the company's stock, valued at approximately $10,642,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.76% of Aris Water Solutions as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Comerica Bank grew its stake in Aris Water Solutions by 64.4% in the first quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $41,000 after acquiring an additional 495 shares during the period. Harbour Investments Inc. lifted its holdings in Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after buying an additional 1,272 shares during the period. CWM LLC increased its position in Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after buying an additional 1,444 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Aris Water Solutions by 154.0% in the 1st quarter. Ancora Advisors LLC now owns 2,032 shares of the company's stock worth $65,000 after buying an additional 1,232 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Aris Water Solutions by 3,062.6% during the first quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock valued at $119,000 after acquiring an additional 3,522 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Stock Performance

NYSE:ARIS traded up $0.12 during mid-day trading on Monday, hitting $24.15. 588,815 shares of the company traded hands, compared to its average volume of 916,510. 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 stock's fifty day moving average price is $22.97 and its 200-day moving average price is $24.74. Aris Water Solutions, Inc. has a one year low of $14.46 and a one year high of $33.95. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 29.09 and a beta of 1.68.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The firm 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%. Research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a $0.14 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. Aris Water Solutions's payout ratio is currently 67.47%.

Analyst Upgrades and Downgrades

ARIS has been the topic of a number of recent analyst reports. Zacks Research raised Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Evercore ISI cut their price target on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a research note on Monday, August 18th. Wells Fargo & Company set a $27.00 price objective on shares of Aris Water Solutions in a research note on Tuesday, August 19th. JPMorgan Chase & Co. assumed coverage on shares of Aris Water Solutions in a research note on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. Finally, Capital One Financial downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $26.50.

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.