Aris Water Solutions, Inc. $ARIS Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Aris Water Solutions by 1.3%, owning approximately 4.72% of the company valued at $88.4 million after purchasing an additional 35,735 shares in the first quarter.
• The stock of Aris Water Solutions has received mixed ratings from analysts, with two analysts
• Aris Water Solutions has announced a quarterly dividend of $0.14, which will be paid on September 18th, offering an annual yield of 2.3%.

Ameriprise Financial Inc. boosted its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 1.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,758,907 shares of the company's stock after purchasing an additional 35,735 shares during the period. Ameriprise Financial Inc. owned about 4.72% of Aris Water Solutions worth $88,395,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new position in Aris Water Solutions during the fourth quarter worth $27,000. Harbour Investments Inc. increased its position in Aris Water Solutions by 478.2% during the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after buying an additional 1,272 shares in the last quarter. CWM LLC increased its position in Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after buying an additional 1,444 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Aris Water Solutions during the fourth quarter worth $52,000. Finally, Farther Finance Advisors LLC increased its position 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 worth $119,000 after buying an additional 3,522 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Trading Up 1.1%

Shares of ARIS stock traded up $0.28 during mid-day trading on Friday, hitting $24.27. 714,168 shares of the company's stock were exchanged, compared to its average volume of 1,626,409. Aris Water Solutions, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $33.95. The stock has a 50-day simple moving average of $22.88 and a two-hundred day simple moving average of $25.19. 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 has a market cap of $1.44 billion, a price-to-earnings ratio of 29.23 and a beta of 1.68.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 3.77% and a net margin of 6.00%.The business had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. Equities analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS 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 dividend of $0.14 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.3%. Aris Water Solutions's dividend payout ratio (DPR) is 67.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Evercore ISI dropped their price target on 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. JPMorgan Chase & Co. assumed coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price target for the company. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company set a $27.00 price target 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 given a Hold rating to the stock. According to data from MarketBeat, Aris Water Solutions presently 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.