Jackson Creek Investment Advisors LLC Has $1.43 Million Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Jackson Creek Investment Advisors LLC reduced its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 29.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,691 shares of the company's stock after selling 18,909 shares during the quarter. Jackson Creek Investment Advisors LLC owned 0.08% of Aris Water Solutions worth $1,432,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Quarry LP bought a new position in shares of Aris Water Solutions during the fourth quarter worth about $27,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions during the fourth quarter worth about $52,000. CWM LLC grew 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 buying an additional 1,444 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Aris Water Solutions by 74.5% during the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock worth $97,000 after buying an additional 1,726 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Aris Water Solutions by 3,062.6% during the first 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 in the last quarter. 39.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. The Goldman Sachs Group reduced their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. 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 stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $26.00.

Aris Water Solutions Price Performance

Shares of ARIS traded up $0.47 during midday trading on Friday, hitting $22.64. The company's stock had a trading volume of 47,918 shares, compared to its average volume of 651,172. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95. The company's fifty day simple moving average is $23.80 and its two-hundred day simple moving average is $26.13. 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 stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 27.37 and a beta of 1.69.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The business had revenue of $120.49 million for the quarter, compared to analyst estimates 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 analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were given 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 2.47%. Aris Water Solutions's dividend payout ratio (DPR) is presently 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.

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