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

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

A number of other institutional investors have also added to or reduced their stakes in ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Aris Water Solutions by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock worth $365,000 after buying an additional 557 shares during the period. Quarry LP bought a new position in Aris Water Solutions during the 4th quarter worth approximately $27,000. Larson Financial Group LLC purchased a new position in Aris Water Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in Aris Water Solutions in the 4th quarter worth approximately $33,000. Finally, Centiva Capital LP lifted its position in Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company's stock valued at $327,000 after purchasing an additional 1,368 shares during the last quarter. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Up 0.9%

Shares of ARIS traded up $0.20 on Monday, reaching $23.63. The stock had a trading volume of 1,059,019 shares, compared to its average volume of 634,436. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 1.87. Aris Water Solutions, Inc. has a 12-month low of $13.34 and a 12-month high of $33.95. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.82 and a beta of 1.71. The company has a 50-day simple moving average of $24.15 and a 200-day simple moving average of $26.27.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The business had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. Sell-side analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.37%. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Analysts Set New Price Targets

ARIS has been the subject of a number of analyst reports. The Goldman Sachs Group dropped their target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wells Fargo & Company lowered their price target on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Finally, Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, four have issued 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.