Horizon Investment Services LLC Purchases New Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Horizon Investment Services LLC acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,269 shares of the company's stock, valued at approximately $425,000.

A number of other hedge funds have also recently added to or reduced their stakes in ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Aris Water Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock valued at $365,000 after acquiring an additional 557 shares in the last quarter. Quarry LP bought a new stake in Aris Water Solutions in the fourth quarter worth $27,000. Centiva Capital LP grew its holdings in shares of Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company's stock worth $327,000 after purchasing an additional 1,368 shares during the last quarter. CWM LLC boosted its holdings in shares of Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after purchasing an additional 1,444 shares during the period. Finally, Bridge City Capital LLC boosted its holdings in Aris Water Solutions by 0.8% in the fourth quarter. Bridge City Capital LLC now owns 201,740 shares of the company's stock valued at $4,832,000 after acquiring an additional 1,556 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

ARIS has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Wall Street Zen cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group lowered their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. One research 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.com, the stock has a consensus rating of "Hold" and a consensus target price of $26.00.

Aris Water Solutions Stock Performance

NYSE:ARIS traded down $0.85 on Monday, hitting $21.29. The company's stock had a trading volume of 523,207 shares, compared to its average volume of 654,782. The firm has a market capitalization of $1.26 billion, a P/E ratio of 25.96 and a beta of 1.69. The stock has a fifty day moving average of $23.81 and a two-hundred day moving average of $26.15. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. The business had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. Research analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.63%. Aris Water Solutions's dividend payout ratio (DPR) is currently 68.29%.

About Aris Water Solutions

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.