Aris Water Solutions, Inc. $ARIS Holdings Raised by Mad River Investors

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 boosted its position 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 firm owned 88,500 shares of the company's stock after acquiring an additional 13,600 shares during the period. Aris Water Solutions comprises approximately 0.9% of Mad River Investors' holdings, making the stock its 13th biggest holding. Mad River Investors owned 0.15% of Aris Water Solutions worth $2,093,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ARIS. The Manufacturers Life Insurance Company purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at $229,000. Northern Trust Corp grew its stake in shares of Aris Water Solutions by 1.0% during the 4th quarter. Northern Trust Corp now owns 230,373 shares of the company's stock valued at $5,517,000 after buying an additional 2,357 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at $307,000. Bank of America Corp DE grew its stake in shares of Aris Water Solutions by 71.9% during the 4th quarter. Bank of America Corp DE now owns 143,331 shares of the company's stock valued at $3,433,000 after buying an additional 59,972 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at $209,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock traded down $0.26 on Friday, hitting $23.95. The company had a trading volume of 348,927 shares, compared to its average volume of 923,368. The business has a 50-day simple moving average of $22.93 and a 200-day simple moving average of $24.83. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $1.42 billion, a PE ratio of 28.84 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.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued 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). The business had revenue of $124.09 million for the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. Research analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a $0.14 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. Aris Water Solutions's dividend payout ratio is presently 67.47%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ARIS. JPMorgan Chase & Co. began coverage on shares of Aris Water Solutions in a research report on Tuesday, July 29th. They set a "neutral" rating and a $25.00 price target for the company. Zacks Research raised shares of 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 shares of Aris Water Solutions in a research report on Tuesday, August 19th. Capital One Financial cut shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of "Hold" and a consensus price target of $26.50.

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.