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

Alps Advisors Inc. increased its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,619 shares of the company's stock after purchasing an additional 16,109 shares during the period. Alps Advisors Inc. owned 0.13% of Aris Water Solutions worth $2,423,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quarry LP bought a new stake in shares of Aris Water Solutions in the 4th quarter worth $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Aris Water Solutions during the fourth quarter valued at $52,000. Meeder Asset Management Inc. raised its position 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 buying an additional 1,726 shares during the period. Farther Finance Advisors LLC grew its stake 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 valued at $119,000 after purchasing an additional 3,522 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Aris Water Solutions by 38.1% in the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after purchasing an additional 1,594 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Price Performance

ARIS stock traded up $0.08 during midday trading on Friday, reaching $23.03. 691,100 shares of the company's stock traded hands, compared to its average volume of 646,860. The company has a 50-day simple moving average of $23.85 and a two-hundred day simple moving average of $26.21. Aris Water Solutions, Inc. has a 1-year low of $13.34 and a 1-year high of $33.95. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 28.09 and a beta of 1.69. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million during the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. On average, analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given 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 2.43%. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company cut their target price on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $26.00.

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.