60,000 Shares in Aris Water Solutions, Inc. $ARIS Bought by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 60,000 shares of the company's stock, valued at approximately $1,922,000. Adage Capital Partners GP L.L.C. owned 0.10% of Aris Water Solutions at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ARIS. The Manufacturers Life Insurance Company bought a new position in shares of Aris Water Solutions in the fourth quarter valued at approximately $229,000. Northern Trust Corp boosted its position in shares of Aris Water Solutions by 1.0% in the fourth quarter. Northern Trust Corp now owns 230,373 shares of the company's stock valued at $5,517,000 after acquiring an additional 2,357 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Aris Water Solutions in the fourth quarter valued at approximately $414,000. BNP Paribas Financial Markets bought a new position in shares of Aris Water Solutions in the fourth quarter valued at approximately $307,000. Finally, Bank of America Corp DE boosted its position in shares of Aris Water Solutions by 71.9% in the fourth quarter. Bank of America Corp DE now owns 143,331 shares of the company's stock valued at $3,433,000 after acquiring an additional 59,972 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company set a $27.00 target price on shares of Aris Water Solutions in a research report on Tuesday, August 19th. US Capital Advisors lowered shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Capital One Financial lowered shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Zacks Research upgraded shares of Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Evercore ISI dropped their target price on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a research report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $26.50.

Aris Water Solutions Trading Up 0.1%

Shares of ARIS traded up $0.02 during mid-day trading on Friday, reaching $24.10. The company's stock had a trading volume of 957,236 shares, compared to its average volume of 989,841. The stock has a market cap of $1.43 billion, a PE ratio of 29.03 and a beta of 1.68. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 52 week low of $14.46 and a 52 week high of $33.95. The company's fifty day moving average price is $22.88 and its two-hundred day moving average price is $24.97.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The business 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, analysts predict that Aris Water Solutions, Inc. 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. Stockholders 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 dividend yield of 2.3%. The ex-dividend date is Thursday, September 4th. Aris Water Solutions's payout ratio is presently 67.47%.

Aris Water Solutions 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.