Aristeia Capital L.L.C. purchased a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,971 shares of the company's stock, valued at approximately $416,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in shares of Aris Water Solutions by 1.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,758,907 shares of the company's stock valued at $88,395,000 after purchasing an additional 35,735 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Aris Water Solutions by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company's stock valued at $54,940,000 after purchasing an additional 17,858 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Aris Water Solutions in the 1st quarter valued at $39,880,000. Wellington Management Group LLP increased its stake in shares of Aris Water Solutions by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after purchasing an additional 9,395 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Aris Water Solutions by 73.0% in the 1st quarter. American Century Companies Inc. now owns 818,709 shares of the company's stock valued at $26,232,000 after purchasing an additional 345,593 shares during the last quarter. Institutional investors own 39.71% of the company's stock.
Aris Water Solutions Trading Up 0.1%
Shares of NYSE:ARIS traded up $0.02 during midday trading on Friday, reaching $24.10. The company's stock had a trading volume of 957,236 shares, compared to its average volume of 989,841. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 29.03 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a 50 day moving average price of $22.88 and a two-hundred day moving average price of $24.98. Aris Water Solutions, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $33.95.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly 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). Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%.The firm had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. As a group, analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.
Aris Water Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.14 per share. 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 is 67.47%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price objective on the stock. Capital One Financial lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Zacks Research raised Aris Water Solutions from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Wells Fargo & Company set a $27.00 target price on Aris Water Solutions in a report on Tuesday, August 19th. Finally, Evercore ISI cut their target price on 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. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Aris Water Solutions presently has an average rating of "Hold" and an average target price of $26.50.
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Aris Water Solutions Profile
(
Free Report)
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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