Strs Ohio Takes Position in Aris Water Solutions, Inc. $ARIS

Strs Ohio acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 20,200 shares of the company's stock, valued at approximately $647,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARIS. Comerica Bank lifted its position in Aris Water Solutions by 64.4% during 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 last quarter. Harbour Investments Inc. boosted its position in shares of Aris Water Solutions by 478.2% in the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company's stock valued at $49,000 after acquiring an additional 1,272 shares during the period. CWM LLC boosted its holdings in Aris Water Solutions by 303.4% in the 1st quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after purchasing an additional 1,444 shares during the period. Ancora Advisors LLC boosted its stake in shares of Aris Water Solutions by 154.0% in the first quarter. Ancora Advisors LLC now owns 2,032 shares of the company's stock valued at $65,000 after buying an additional 1,232 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Aris Water Solutions by 3,062.6% during the first quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company's stock worth $119,000 after buying an additional 3,522 shares in the last quarter. Institutional investors own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ARIS shares. Capital One Financial cut shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. assumed coverage on Aris Water Solutions in a research note on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective on the stock. Zacks Research raised Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. Finally, Evercore ISI reduced their price target on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a research note on Monday, August 18th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Trading Down 0.6%

Aris Water Solutions stock opened at $24.05 on Friday. The firm's fifty day moving average price is $22.95 and its 200-day moving average price is $24.77. Aris Water Solutions, Inc. has a fifty-two week low of $14.46 and a fifty-two week high of $33.95. The stock has a market cap of $1.42 billion, a P/E ratio of 28.98 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73.

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 for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The business had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. Equities research analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

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

About Aris Water Solutions

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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