Horizon Investment Services LLC Makes New $425,000 Investment 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 its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,269 shares of the company's stock, valued at approximately $425,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARIS. Cambridge Investment Research Advisors Inc. bought a new position in shares of Aris Water Solutions in the 1st quarter valued at about $867,000. Janney Montgomery Scott LLC boosted its holdings in Aris Water Solutions by 233.8% during 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 grew its position in shares of Aris Water Solutions by 4,584.0% during the 1st quarter. GAMMA Investing LLC now owns 29,509 shares of the company's stock worth $921,000 after buying an additional 28,879 shares during the period. Farther Finance Advisors LLC grew 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 worth $119,000 after buying an additional 3,522 shares during the period. Finally, Sei Investments Co. grew its position in shares of Aris Water Solutions by 477.2% during the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company's stock worth $1,439,000 after buying an additional 49,690 shares during the period. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Performance

ARIS stock traded down $0.17 during midday trading on Thursday, reaching $21.19. 283,288 shares of the company were exchanged, compared to its average volume of 840,994. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87. The business has a 50-day moving average price of $23.69 and a two-hundred day moving average price of $26.09. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 25.85 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, beating analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $120.49 million during the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. Equities research analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders 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 dividend yield of 2.64%. Aris Water Solutions's dividend payout ratio (DPR) is currently 68.29%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ARIS shares. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. The Goldman Sachs Group lowered their price objective on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company lowered their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $26.00.

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.