Moran Wealth Management LLC Invests $629,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Moran Wealth Management LLC purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,631 shares of the company's stock, valued at approximately $629,000.

Several other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 in the last quarter. Quarry LP purchased a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $27,000. Larson Financial Group LLC purchased a new stake in Aris Water Solutions in the 4th quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Aris Water Solutions in the 4th quarter valued at approximately $33,000. Finally, Centiva Capital LP lifted its stake in Aris Water Solutions by 11.1% in the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company's stock valued at $327,000 after buying an additional 1,368 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Aris Water Solutions Trading Down 1.7%

ARIS traded down $0.41 during trading on Friday, hitting $23.49. The company's stock had a trading volume of 1,815,812 shares, compared to its average volume of 633,368. The firm's 50 day moving average price is $24.20 and its 200-day moving average price is $26.29. 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 market cap of $1.39 billion, a PE ratio of 28.65 and a beta of 1.70. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued 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. The company had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. On average, analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued 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 2.38%. Aris Water Solutions's dividend payout ratio (DPR) is presently 68.29%.

Analyst Ratings Changes

ARIS has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen lowered 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 on the stock in a research note on Thursday, May 8th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. One equities research 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. Based on data from MarketBeat.com, Aris Water Solutions currently has an average rating of "Hold" and a consensus target price of $26.00.

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.