Crestwood Advisors Group LLC Makes New Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Crestwood Advisors Group LLC purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,261 shares of the company's stock, valued at approximately $809,000.

Other large investors have also bought and sold shares of the company. Quarry LP purchased a new stake in shares of Aris Water Solutions during the fourth quarter valued at approximately $27,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions during the 4th quarter valued at $52,000. CWM LLC boosted its position in Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after buying an additional 1,444 shares during the period. Meeder Asset Management Inc. boosted its position in Aris Water Solutions by 74.5% during the 4th 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. Finally, Farther Finance Advisors LLC grew its holdings in Aris Water Solutions by 3,062.6% in the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock worth $119,000 after acquiring an additional 3,522 shares during the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ARIS. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Wells Fargo & Company reduced their price target on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $26.00.

Aris Water Solutions Trading Up 0.9%

ARIS stock traded up $0.20 during trading on Friday, reaching $21.37. The company had a trading volume of 458,754 shares, compared to its average volume of 737,713. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87. Aris Water Solutions, Inc. has a 52 week low of $13.34 and a 52 week high of $33.95. The business has a 50 day moving average of $23.58 and a 200 day moving average of $26.03. The company has a market cap of $1.26 billion, a P/E ratio of 26.06 and a beta of 1.69.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. As a group, sell-side analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.62%. Aris Water Solutions's dividend payout ratio (DPR) is 68.29%.

Aris Water Solutions Company 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.