Mad River Investors Acquires 13,600 Shares of Aris Water Solutions, Inc. $ARIS

Key Points

• Mad River Investors increased its stake in Aris Water Solutions, Inc. by 18.2%, acquiring an additional 13,600 shares to reach a total of 88,500 shares, making it the 13th largest position in their portfolio.
• Aris Water Solutions recently reported a $0.19 EPS, missing the consensus estimate of $0.24, and had a revenue of $124.09 million for the quarter, surpassing analyst estimates.
• The company announced a quarterly dividend of $0.14 per share, yielding 2.3%, with the payment date set for September 18th.

Mad River Investors increased its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 18.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 88,500 shares of the company's stock after buying an additional 13,600 shares during the quarter. Aris Water Solutions comprises approximately 0.9% of Mad River Investors' portfolio, making the stock its 13th biggest position. Mad River Investors owned about 0.15% of Aris Water Solutions worth $2,093,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Comerica Bank grew its stake in shares of Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $41,000 after acquiring an additional 495 shares during the period. Harbour Investments Inc. raised its holdings in shares of Aris Water Solutions by 478.2% during the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock worth $49,000 after acquiring an additional 1,272 shares in the last quarter. CWM LLC raised its holdings in shares of Aris Water Solutions by 303.4% during the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after acquiring an additional 1,444 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of Aris Water Solutions by 154.0% during the 1st quarter. Ancora Advisors LLC now owns 2,032 shares of the company's stock worth $65,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions during the 4th quarter valued at approximately $52,000. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Stock Up 0.1%

Aris Water Solutions stock opened at $24.10 on Monday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 29.03 and a beta of 1.68. Aris Water Solutions, Inc. has a 52 week low of $14.46 and a 52 week high of $33.95. The business's 50-day moving average price is $22.88 and its 200 day moving average price is $24.93. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62.

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

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. Aris Water Solutions's dividend payout ratio (DPR) is 67.47%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ARIS shares. Zacks Research raised Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Wells Fargo & Company set a $27.00 price target on Aris Water Solutions in a research report on Tuesday, August 19th. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price target on the stock. Evercore ISI decreased their price objective 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. Finally, Capital One Financial cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Aris Water Solutions has an average rating of "Hold" and a consensus price target of $26.50.

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.

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