Redwood Investments LLC Makes New $1.99 Million Investment in Aris Water Solutions, Inc. $ARIS

Key Points

• Redwood Investments LLC invested approximately $1.99 million in Aris Water Solutions, acquiring 62,019 shares during the first quarter, bringing their total ownership to about 0.11% of the company.
• Several financial firms have recently downgraded ARIS, with US Capital Advisors and Capital One Financial changing their ratings from "strong-buy" to "hold."
• Aris Water Solutions announced a quarterly dividend of $0.14 per share, reflecting an annualized yield of 2.4%, and has a dividend payout ratio of 67.47%.

Redwood Investments LLC purchased a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 62,019 shares of the company's stock, valued at approximately $1,987,000. Redwood Investments LLC owned approximately 0.11% of Aris Water Solutions at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ARIS. Comerica Bank raised its position in Aris Water Solutions by 64.4% in the first quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $41,000 after acquiring an additional 495 shares during the period. Harbour Investments Inc. increased its holdings in 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions during the 4th quarter worth approximately $52,000. CWM LLC increased its holdings in 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 during the period. Finally, Ancora Advisors LLC increased its holdings in 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 during the period. Institutional investors own 39.71% of the company's stock.

Aris Water Solutions Trading Up 0.1%

Shares of Aris Water Solutions stock traded up $0.02 during trading on Friday, reaching $24.10. The company's stock had a trading volume of 957,236 shares, compared to its average volume of 989,841. Aris Water Solutions, Inc. has a 52-week low of $14.46 and a 52-week high of $33.95. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 29.03 and a beta of 1.68. The firm's 50-day moving average is $22.88 and its two-hundred day moving average is $24.97. 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 announced its quarterly earnings data on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. The business had revenue of $124.09 million during the quarter, compared to analysts' expectations of $120.68 million. On average, 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 company also recently declared 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. Aris Water Solutions's dividend payout ratio is currently 67.47%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. US Capital Advisors lowered shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Zacks Research raised shares of Aris Water Solutions from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a research note on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price target for the company. Evercore ISI cut their price target on shares of 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, Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Aris Water Solutions currently has an average rating of "Hold" and an average target price 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.