Sigma Planning Corp Buys New Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Sigma Planning Corp purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,087 shares of the company's stock, valued at approximately $804,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Aris Water Solutions by 3.8% in the 4th 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 stake in Aris Water Solutions during the fourth quarter worth approximately $27,000. Centiva Capital LP raised its position in shares of Aris Water Solutions by 11.1% in the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company's stock worth $327,000 after purchasing an additional 1,368 shares during the last quarter. CWM LLC boosted its stake in Aris Water Solutions by 303.4% in the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock worth $62,000 after purchasing an additional 1,444 shares during the period. Finally, Bridge City Capital LLC lifted its position in shares of Aris Water Solutions by 0.8% during the fourth quarter. Bridge City Capital LLC now owns 201,740 shares of the company's stock worth $4,832,000 after purchasing an additional 1,556 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ARIS shares. 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 on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Aris Water Solutions presently has a consensus rating of "Hold" and a consensus target price of $26.00.

Aris Water Solutions Price Performance

Shares of ARIS stock traded down $0.85 during trading hours on Monday, reaching $21.29. The company had a trading volume of 523,207 shares, compared to its average volume of 654,782. Aris Water Solutions, Inc. has a 12-month low of $13.34 and a 12-month high of $33.95. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 26.99 and a beta of 1.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a fifty day moving average of $23.81 and a 200-day moving average of $26.15.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The business 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, equities analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Thursday, June 5th. Aris Water Solutions's dividend payout ratio (DPR) is presently 68.29%.

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.