Mad River Investors acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,900 shares of the company's stock, valued at approximately $2,400,000. Aris Water Solutions accounts for 1.0% of Mad River Investors' investment portfolio, making the stock its 13th largest position. Mad River Investors owned about 0.13% of Aris Water Solutions at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Aris Water Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock worth $365,000 after acquiring an additional 557 shares during the period. Quarry LP acquired a new stake in Aris Water Solutions during the 4th quarter worth about $27,000. Larson Financial Group LLC acquired a new stake in Aris Water Solutions during the 4th quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new stake in Aris Water Solutions during the 4th quarter worth about $33,000. Finally, Centiva Capital LP grew its holdings in Aris Water Solutions by 11.1% during the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company's stock worth $327,000 after acquiring an additional 1,368 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have weighed in on ARIS shares. The Goldman Sachs Group decreased their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. 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 target price 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, Citigroup restated a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $26.00.
Read Our Latest Analysis on ARIS
Aris Water Solutions Stock Performance
Shares of ARIS opened at $25.35 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a 50-day moving average of $24.29 and a 200-day moving average of $26.34. The company has a market cap of $1.50 billion, a PE ratio of 30.91 and a beta of 1.70. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. The business had revenue of $120.49 million for the quarter, compared to analysts' expectations of $115.72 million. On average, equities research analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.
Aris Water Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors 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 annualized dividend and a yield of 2.21%. Aris Water Solutions's payout ratio is 68.29%.
Aris Water Solutions Company Profile
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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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