State of Wyoming Grows Stake in Aris Water Solutions, Inc. $ARIS

Key Points

• The State of Wyoming increased its holdings in Aris Water Solutions, Inc. by 407.7% in the first quarter, reaching a total of 15,673 shares valued at $502,000.
• Aris Water Solutions reported earnings per share of $0.19 in its most recent quarter, missing analysts' expectations of $0.24, though it achieved revenue of $124.09 million.
• Aris Water Solutions announced a quarterly dividend of $0.14 per share, with an annualized yield of 2.3%, payable on September 18th.

State of Wyoming grew its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 407.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 15,673 shares of the company's stock after buying an additional 12,586 shares during the quarter. State of Wyoming's holdings in Aris Water Solutions were worth $502,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in Aris Water Solutions in the 1st quarter worth approximately $867,000. Janney Montgomery Scott LLC raised its position in shares of Aris Water Solutions by 233.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company's stock worth $1,246,000 after acquiring an additional 27,246 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Aris Water Solutions by 4,584.0% in the 1st quarter. GAMMA Investing LLC now owns 29,509 shares of the company's stock valued at $921,000 after purchasing an additional 28,879 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Aris Water Solutions by 3,062.6% in the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock valued at $119,000 after purchasing an additional 3,522 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Aris Water Solutions by 11.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 20,599 shares of the company's stock valued at $660,000 after purchasing an additional 2,070 shares during the period. Hedge funds and other institutional investors own 39.71% of the company's stock.

Aris Water Solutions Stock Up 1.1%

ARIS stock opened at $24.27 on Friday. Aris Water Solutions, Inc. has a twelve month low of $14.46 and a twelve month high of $33.95. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.44 billion, a PE ratio of 29.23 and a beta of 1.67. The business has a 50 day moving average of $22.88 and a 200 day moving average of $25.20.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.19 earnings per share 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 company had revenue of $124.09 million for the quarter, compared to the consensus estimate of $120.68 million. On average, research analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given 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 of this dividend is Thursday, September 4th. Aris Water Solutions's dividend payout ratio (DPR) is 67.47%.

Analyst Ratings Changes

ARIS has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company set a $27.00 target price on Aris Water Solutions in a research note on Tuesday, August 19th. US Capital Advisors cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research note on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 target price for the company. Finally, Evercore ISI lowered their target price on 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. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $26.50.

Aris Water Solutions 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.

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