Moors & Cabot Inc. Acquires 20,060 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Key Points

• Moors & Cabot Inc. increased its holdings in Aris Water Solutions by 136.5% during the first quarter, owning 34,760 shares worth approximately $1,114,000.
• Aris Water Solutions reported $120.49 million in revenue for the last quarter, exceeding analyst estimates, and had an EPS of $0.25, beating expectations by $0.02.
• The company recently announced a quarterly dividend of $0.14 per share, reflecting a 2.8% yield, with a payout ratio of 68.29%.

Moors & Cabot Inc. boosted its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 136.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,760 shares of the company's stock after purchasing an additional 20,060 shares during the quarter. Moors & Cabot Inc. owned about 0.06% of Aris Water Solutions worth $1,114,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in shares of Aris Water Solutions by 3.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock worth $65,218,000 after purchasing an additional 81,413 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Aris Water Solutions in the fourth quarter worth approximately $29,663,000. Wellington Management Group LLP increased its position in shares of Aris Water Solutions by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after acquiring an additional 9,395 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Aris Water Solutions by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock worth $15,357,000 after acquiring an additional 8,844 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Aris Water Solutions by 76.9% in the fourth quarter. Invesco Ltd. now owns 365,685 shares of the company's stock worth $8,758,000 after acquiring an additional 159,024 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ARIS. The Goldman Sachs Group lowered their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. JPMorgan Chase & Co. began coverage on shares of Aris Water Solutions in a research note on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. 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. Finally, Wells Fargo & Company cut 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. One research 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, Aris Water Solutions presently has an average rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Price Performance

NYSE:ARIS traded up $4.46 during mid-day trading on Thursday, reaching $24.39. 872,575 shares of the company were exchanged, compared to its average volume of 819,891. Aris Water Solutions, Inc. has a 12 month low of $14.01 and a 12 month high of $33.95. The company has a fifty day moving average of $23.12 and a 200 day moving average of $25.68. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.44 billion, a PE ratio of 29.69 and a beta of 1.67.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. The firm had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. On average, research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

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.