Janney Montgomery Scott LLC Has $400,000 Position in Aris Water Solutions, Inc. $ARIS

Key Points

• Janney Montgomery Scott LLC reduced its position in Aris Water Solutions, Inc. by 56.5% in Q2, holding 16,916 shares valued at $400,000 at the quarter's end.
• A recent earnings report indicated Aris Water Solutions missed estimates with $0.19 earnings per share, compared to the consensus of $0.24, despite recording revenue of $124.09 million for the quarter.
• The company announced a quarterly dividend of $0.14 per share, resulting in an annual yield of 2.4%, with a payout ratio of approximately 67.47%.

Janney Montgomery Scott LLC lowered its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 56.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,916 shares of the company's stock after selling 21,982 shares during the quarter. Janney Montgomery Scott LLC's holdings in Aris Water Solutions were worth $400,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ARIS. Driehaus Capital Management LLC bought a new position in shares of Aris Water Solutions during the first quarter worth about $39,880,000. First Manhattan CO. LLC. bought a new position in shares of Aris Water Solutions during the first quarter worth about $17,313,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of Aris Water Solutions during the second quarter worth about $10,642,000. Nuveen LLC bought a new position in shares of Aris Water Solutions during the first quarter worth about $11,366,000. Finally, American Century Companies Inc. grew its holdings in shares of Aris Water Solutions by 73.0% during the first quarter. American Century Companies Inc. now owns 818,709 shares of the company's stock worth $26,232,000 after buying an additional 345,593 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. Zacks Research upgraded Aris Water Solutions from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Evercore ISI decreased their price target on Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating for the company in a research note on Monday, August 18th. Capital One Financial downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Weiss Ratings restated a "hold (c+)" rating on shares of Aris Water Solutions in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company set a $27.00 price target on Aris Water Solutions in a research note on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $26.50.

Aris Water Solutions Stock Performance

ARIS opened at $23.60 on Friday. The business has a fifty day simple moving average of $24.00 and a 200 day simple moving average of $23.84. The company has a market capitalization of $1.40 billion, a PE ratio of 28.43 and a beta of 1.67. Aris Water Solutions, Inc. has a 1 year low of $14.46 and a 1 year high of $33.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. The company had revenue of $124.09 million for the quarter, compared to the consensus estimate of $120.68 million. Research analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.4%. 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.

Want to see what other hedge funds are holding ARIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aris Water Solutions, Inc. (NYSE:ARIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.