Aris Water Solutions, Inc. $ARIS Shares Bought by Jump Financial LLC

Key Points

• Jump Financial LLC has drastically increased its stake in Aris Water Solutions, Inc. by 759.3%, holding approximately 0.20% of the company with 116,000 shares valued at $3,717,000.
• Aris Water Solutions reported $0.19 earnings per share, which missed analyst expectations by $0.05, while achieving revenues of $124.09 million during the last quarter.
• The company announced a quarterly dividend of $0.14 per share, with an annualized yield of 2.3%, indicating a payout ratio of 67.47%.

Jump Financial LLC grew its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 759.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,000 shares of the company's stock after purchasing an additional 102,500 shares during the quarter. Jump Financial LLC owned approximately 0.20% of Aris Water Solutions worth $3,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in Aris Water Solutions by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 2,758,907 shares of the company's stock worth $88,395,000 after purchasing an additional 35,735 shares in the last quarter. Vanguard Group Inc. raised its holdings in Aris Water Solutions by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company's stock worth $54,940,000 after purchasing an additional 17,858 shares in the last quarter. Wellington Management Group LLP raised its holdings in Aris Water Solutions by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after purchasing an additional 9,395 shares in the last quarter. American Century Companies Inc. raised its holdings in Aris Water Solutions by 73.0% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Aris Water Solutions by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock worth $15,357,000 after purchasing an additional 8,844 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Stock Performance

NYSE:ARIS opened at $23.85 on Tuesday. The firm's fifty day moving average price is $23.01 and its 200 day moving average price is $25.30. Aris Water Solutions, Inc. has a 1-year low of $14.46 and a 1-year high of $33.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 28.73 and a beta of 1.67.

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 for the quarter, missing analysts' consensus estimates 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 firm had revenue of $124.09 million during the quarter, compared to analysts' expectations of $120.68 million. On average, sell-side analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. Aris Water Solutions's dividend payout ratio (DPR) is 67.47%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ARIS shares. Evercore ISI cut their target price 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. The Goldman Sachs Group cut their target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. started coverage on shares of Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 target price on the stock. Capital One Financial cut shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus 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.

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