Expect Equity LLC Sells 18,779 Shares of Aris Water Solutions, Inc. $ARIS

Key Points

• Expect Equity LLC has reduced its ownership in Aris Water Solutions by 50.7%, selling 18,779 shares and leaving them with 18,283 shares valued at $586,000.
• Analysts maintain a consensus rating of "Hold" for Aris Water Solutions with an average price target of $26.50, following various ratings changes by firms such as Citigroup and Capital One Financial.
• Aris Water Solutions announced a quarterly dividend of $0.14 per share, with a payout ratio of 67.47%, to be distributed on September 18th.

Expect Equity LLC lowered its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 50.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,283 shares of the company's stock after selling 18,779 shares during the period. Expect Equity LLC's holdings in Aris Water Solutions were worth $586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARIS. Driehaus Capital Management LLC bought a new stake in Aris Water Solutions during the 1st quarter worth $39,880,000. Nuveen LLC bought a new stake in shares of Aris Water Solutions in the 1st quarter valued at about $11,366,000. American Century Companies Inc. grew its position 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 buying an additional 345,593 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Aris Water Solutions by 2,146.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 310,933 shares of the company's stock valued at $9,962,000 after buying an additional 297,089 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Aris Water Solutions in the 4th quarter valued at about $5,717,000. Institutional investors own 39.71% of the company's stock.

Analysts Set New Price Targets

ARIS has been the topic of a number of analyst reports. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Capital One Financial lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Wells Fargo & Company set a $27.00 price target on Aris Water Solutions in a research report on Tuesday, August 19th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Stock Up 0.4%

Shares of NYSE:ARIS opened at $23.97 on Friday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 28.87 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. The business's 50-day moving average is $22.90 and its 200-day moving average is $25.25. Aris Water Solutions, Inc. has a 1 year low of $14.46 and a 1 year high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced 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). The business had revenue of $124.09 million during the quarter, compared to analyst estimates of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. Equities research analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions's payout ratio is currently 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.

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