Counterpoint Mutual Funds LLC Buys New Position in Aris Water Solutions, Inc. $ARIS

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in Aris Water Solutions, Inc., purchasing 16,796 shares valued at approximately $397,000 during the second quarter.
• Aris Water Solutions recently announced a quarterly dividend of $0.14 per share, representing an annual yield of 2.3% and a payout ratio of 67.47%.
• The company's stock performance includes a recent EPS of $0.19, which fell short of analysts' estimates, and it has a current average target price of $26.50 from market analysts.

Counterpoint Mutual Funds LLC purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,796 shares of the company's stock, valued at approximately $397,000.

Several other large investors also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Aris Water Solutions in the 1st quarter worth approximately $867,000. Janney Montgomery Scott LLC grew its position in Aris Water Solutions by 233.8% in the first quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company's stock worth $1,246,000 after buying an additional 27,246 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Aris Water Solutions by 4,584.0% in the first quarter. GAMMA Investing LLC now owns 29,509 shares of the company's stock valued at $921,000 after buying an additional 28,879 shares in the last quarter. Mad River Investors increased its holdings in shares of Aris Water Solutions by 18.2% in the second quarter. Mad River Investors now owns 88,500 shares of the company's stock valued at $2,093,000 after buying an additional 13,600 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Aris Water Solutions by 3,062.6% during the 1st 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 last quarter. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Performance

Shares of ARIS opened at $24.18 on Wednesday. The company has a market capitalization of $1.43 billion, a PE ratio of 29.13 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 company's 50 day moving average price is $23.01 and its 200 day moving average price is $24.73. Aris Water Solutions, Inc. has a 52 week low of $14.46 and a 52 week high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.19 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $120.68 million. Research analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

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

Analysts Set New Price Targets

ARIS has been the topic of a number of recent research reports. Wells Fargo & Company set a $27.00 target price on Aris Water Solutions in a report on Tuesday, August 19th. US Capital Advisors cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Capital One Financial downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Evercore ISI decreased their target price on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a report on Monday, August 18th. Finally, Zacks Research raised shares of Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Aris Water Solutions currently has a consensus rating of "Hold" and an average target price of $26.50.

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.

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