Driehaus Capital Management LLC Makes New Investment in Aris Water Solutions, Inc. $ARIS

Key Points

• Driehaus Capital Management LLC has acquired a new position in Aris Water Solutions by purchasing 1,244,691 shares valued at approximately $39.88 million, representing about 2.13% ownership of the company.
• Analysts have recently downgraded Aris Water Solutions' stock ratings, with a majority giving it a "Hold" rating, and the stock has a consensus price target of $26.50.
• Aris Water Solutions announced a quarterly dividend of $0.14 per share, translating to an annual yield of 2.3%, scheduled for payment on September 18th.

Driehaus Capital Management LLC acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,244,691 shares of the company's stock, valued at approximately $39,880,000. Driehaus Capital Management LLC owned about 2.13% of Aris Water Solutions as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming grew its position in Aris Water Solutions by 407.7% during the 1st quarter. State of Wyoming now owns 15,673 shares of the company's stock worth $502,000 after acquiring an additional 12,586 shares during the last quarter. Trexquant Investment LP grew its position in Aris Water Solutions by 329.2% during the 1st quarter. Trexquant Investment LP now owns 173,351 shares of the company's stock worth $5,554,000 after acquiring an additional 132,961 shares during the last quarter. FORA Capital LLC bought a new stake in Aris Water Solutions during the 1st quarter worth $270,000. Comerica Bank grew its position in Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $41,000 after acquiring an additional 495 shares during the last quarter. Finally, Jump Financial LLC grew its position in Aris Water Solutions by 759.3% during the 1st quarter. Jump Financial LLC now owns 116,000 shares of the company's stock worth $3,717,000 after acquiring an additional 102,500 shares during the last quarter. Institutional investors own 39.71% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ARIS shares. Capital One Financial lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. 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. Finally, Zacks Research raised Aris Water Solutions from a "strong sell" rating to a "hold" rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $26.50.

Aris Water Solutions Stock Down 0.6%

ARIS stock traded down $0.15 during trading on Wednesday, reaching $23.90. 351,409 shares of the stock were exchanged, compared to its average volume of 920,659. The firm's 50 day moving average is $22.88 and its 200 day moving average is $25.16. The firm has a market cap of $1.41 billion, a P/E ratio of 28.78 and a beta of 1.68. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a twelve month low of $14.46 and a twelve month high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. As a group, research analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS 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. Shareholders of record on Thursday, September 4th will be issued a $0.14 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.56 annualized dividend and a yield of 2.3%. Aris Water Solutions's dividend payout ratio is presently 67.47%.

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.