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 acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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.

A number of other hedge funds also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. bought a new stake in Aris Water Solutions in the first quarter worth approximately $867,000. Janney Montgomery Scott LLC increased its holdings in Aris Water Solutions by 233.8% in the first quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company's stock worth $1,246,000 after purchasing an additional 27,246 shares in the last quarter. GAMMA Investing LLC increased its holdings in Aris Water Solutions by 4,584.0% in the first quarter. GAMMA Investing LLC now owns 29,509 shares of the company's stock worth $921,000 after purchasing an additional 28,879 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Aris Water Solutions by 3,062.6% in the first quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock worth $119,000 after purchasing an additional 3,522 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Aris Water Solutions by 11.2% in the first quarter. Envestnet Asset Management Inc. now owns 20,599 shares of the company's stock worth $660,000 after purchasing an additional 2,070 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Capital One Financial downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. JPMorgan Chase & Co. began coverage on Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 target price for the company. Evercore ISI reduced their price objective on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a research note on Monday. Finally, Wells Fargo & Company reduced their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.17.

Aris Water Solutions Trading Down 1.0%

Shares of Aris Water Solutions stock opened at $23.70 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. Aris Water Solutions, Inc. has a 52 week low of $14.46 and a 52 week high of $33.95. The stock has a 50 day moving average price of $23.16 and a two-hundred day moving average price of $25.40. The stock has a market capitalization of $1.40 billion, a PE ratio of 28.56 and a beta of 1.67.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. As a group, equities 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 announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. 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.

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