Algert Global LLC Invests $4.34 Million in Aris Water Solutions, Inc. $ARIS

Key Points

• Algert Global LLC has invested approximately $4.34 million in Aris Water Solutions, acquiring 135,377 shares of the company, which represents about 0.23% ownership.
• Recent report by analysts shows mixed ratings for Aris Water Solutions, with a downgrade from Capital One Financial to a "hold" rating and an average price target of $26.17.
• Aris Water Solutions recently announced a quarterly dividend of $0.14 per share, indicative of a dividend yield of 2.4% and a payout ratio of 67.47%.

Algert Global LLC purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 135,377 shares of the company's stock, valued at approximately $4,337,000. Algert Global LLC owned about 0.23% of Aris Water Solutions at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. American Century Companies Inc. raised its stake in shares of Aris Water Solutions by 73.0% in the first quarter. American Century Companies Inc. now owns 818,709 shares of the company's stock worth $26,232,000 after purchasing an additional 345,593 shares during the last quarter. Liontrust Investment Partners LLP purchased a new position in shares of Aris Water Solutions in the first quarter worth $710,000. Russell Investments Group Ltd. raised its stake in shares of Aris Water Solutions by 11.6% in the first quarter. Russell Investments Group Ltd. now owns 388,151 shares of the company's stock worth $12,436,000 after purchasing an additional 40,193 shares during the last quarter. Nuveen LLC purchased a new position in shares of Aris Water Solutions in the first quarter worth $11,366,000. Finally, Invesco Ltd. raised its stake in shares of Aris Water Solutions by 49.2% in the first quarter. Invesco Ltd. now owns 545,733 shares of the company's stock worth $17,485,000 after purchasing an additional 180,048 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Performance

NYSE:ARIS traded up $0.1550 during mid-day trading on Friday, hitting $23.8950. 589,675 shares of the company traded hands, compared to its average volume of 1,519,446. The stock's fifty day moving average price is $23.04 and its 200-day moving average price is $25.33. Aris Water Solutions, Inc. has a one year low of $14.46 and a one year 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 market cap of $1.41 billion, a price-to-earnings ratio of 28.79 and a beta of 1.67.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released 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). Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. The company had revenue of $124.09 million for the quarter, compared to the consensus estimate of $120.68 million. Research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on ARIS shares. Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group reduced their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Capital One Financial cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price objective for the company. Finally, Wells Fargo & Company set a $27.00 price objective on Aris Water Solutions in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of "Hold" and a consensus target price of $26.50.

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.