Ameriprise Financial Inc. Grows Position in Aris Water Solutions, Inc. $ARIS

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. raised its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,758,907 shares of the company's stock after purchasing an additional 35,735 shares during the quarter. Ameriprise Financial Inc. owned approximately 4.72% of Aris Water Solutions worth $88,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in Aris Water Solutions during the fourth quarter valued at about $27,000. Harbour Investments Inc. lifted its holdings in Aris Water Solutions by 478.2% during the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock valued at $49,000 after purchasing an additional 1,272 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the fourth quarter valued at about $52,000. CWM LLC lifted its holdings in Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after purchasing an additional 1,444 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted 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 purchasing an additional 3,522 shares during the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ARIS. US Capital Advisors downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Wall Street Zen downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Evercore ISI lowered 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 report on Monday, August 18th. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price target on the stock. Finally, Capital One Financial downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $26.50.

Aris Water Solutions Trading Down 0.3%

Shares of Aris Water Solutions stock opened at $23.85 on Tuesday. Aris Water Solutions, Inc. has a 12-month low of $14.46 and a 12-month high of $33.95. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 28.73 and a beta of 1.67. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The company's 50-day moving average price is $23.01 and its 200-day moving average price is $25.30.

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 for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The company had revenue of $124.09 million during 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%. On average, equities analysts expect 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 paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions's dividend payout ratio (DPR) is currently 67.47%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.