Inscription Capital LLC bought a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,000 shares of the company's stock, valued at approximately $449,000.
A number of other institutional investors have also bought and sold shares of the company. Quarry LP acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at about $27,000. Larson Financial Group LLC acquired a new position in Aris Water Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new position in shares of Aris Water Solutions during the 4th quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions during the 4th quarter worth approximately $52,000. Finally, 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. Institutional investors own 39.71% of the company's stock.
Aris Water Solutions Stock Down 1.4%
ARIS stock traded down $0.36 during mid-day trading on Thursday, reaching $25.51. 286,508 shares of the company traded hands, compared to its average volume of 618,732. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The firm's 50 day moving average price is $24.28 and its 200 day moving average price is $26.36. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 31.11 and a beta of 1.70. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95.
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 the consensus estimate of $0.23 by $0.02. The company had revenue of $120.49 million for the quarter, compared to analysts' expectations 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, equities research analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.
Aris Water Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.20%. Aris Water Solutions's payout ratio is 68.29%.
Analyst Upgrades and Downgrades
A number of research firms have commented on ARIS. Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. Wall Street Zen downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Wells Fargo & Company reduced their price objective on 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. Finally, The Goldman Sachs Group lowered their target price on 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 equities 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's stock. Based on data from MarketBeat.com, Aris Water Solutions currently has an average rating of "Hold" and an average price target of $26.00.
Check Out Our Latest Stock Analysis on Aris Water Solutions
About Aris Water Solutions
(
Free Report)
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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