Uniplan Investment Counsel Inc. Makes New Investment in Aris Water Solutions, Inc. $ARIS

Key Points

• Uniplan Investment Counsel Inc. has acquired a new stake in Aris Water Solutions, purchasing 31,432 shares valued at approximately $1.01 million, representing 0.05% of the company's total shares.
• Aris Water Solutions' most recent earnings report revealed that the company missed EPS estimates by $0.05, reporting $0.19 per share, while revenue was slightly above expectations at $124.09 million.
• The company announced a quarterly dividend of $0.14 per share, set to be paid on September 18th, with a current annualized dividend yield of 2.4%.

Uniplan Investment Counsel Inc. purchased a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,432 shares of the company's stock, valued at approximately $1,007,000. Uniplan Investment Counsel Inc. owned 0.05% of Aris Water Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank grew its position in shares of Aris Water Solutions by 64.4% in the first quarter. Comerica Bank now owns 1,264 shares of the company's stock valued at $41,000 after purchasing an additional 495 shares during the period. Harbour Investments Inc. grew 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 purchasing an additional 1,272 shares during the period. CWM LLC grew its position in shares of Aris Water Solutions by 303.4% in the first 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 grew its position 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 purchasing an additional 1,232 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $52,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS traded up $0.02 during midday trading on Friday, hitting $24.10. The company's stock had a trading volume of 957,236 shares, compared to its average volume of 989,841. The business's 50 day simple moving average is $22.88 and its 200 day simple moving average is $24.97. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market cap of $1.43 billion, a P/E ratio of 29.03 and a beta of 1.68. Aris Water Solutions, Inc. has a 12-month low of $14.46 and a 12-month high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%.The firm had revenue of $124.09 million for the quarter, compared to analysts' expectations of $120.68 million. On average, analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.3%. Aris Water Solutions's payout ratio is 67.47%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ARIS. Zacks Research upgraded shares of Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Wells Fargo & Company set a $27.00 target price on shares of Aris Water Solutions in a research report on Tuesday, August 19th. US Capital Advisors lowered shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Capital One Financial downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Finally, Evercore ISI decreased 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 analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.