Alps Advisors Inc. Buys 16,109 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Alps Advisors Inc. boosted its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 27.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,619 shares of the company's stock after buying an additional 16,109 shares during the quarter. Alps Advisors Inc. owned about 0.13% of Aris Water Solutions worth $2,423,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ARIS. Quarry LP bought a new stake in Aris Water Solutions during the fourth quarter valued at about $27,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions during the fourth quarter valued at about $52,000. Meeder Asset Management Inc. boosted its holdings in Aris Water Solutions by 74.5% during the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after acquiring an additional 1,726 shares during the period. Farther Finance Advisors LLC boosted 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 acquiring an additional 3,522 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Aris Water Solutions by 38.1% during the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after acquiring an additional 1,594 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ARIS shares. The Goldman Sachs Group decreased their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Wells Fargo & Company reduced their target price on shares of 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. Finally, Wall Street Zen cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $26.00.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS traded down $0.24 during mid-day trading on Wednesday, hitting $21.98. The company had a trading volume of 689,145 shares, compared to its average volume of 648,410. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87. The business's 50-day simple moving average is $23.74 and its 200-day simple moving average is $26.18. The firm has a market cap of $1.30 billion, a P/E ratio of 26.81 and a beta of 1.69. Aris Water Solutions, Inc. has a 12 month low of $13.34 and a 12 month high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The company had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.55%. Aris Water Solutions's dividend payout ratio is currently 68.29%.

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.