Wealth Enhancement Advisory Services LLC Takes $578,000 Position in Aris Water Solutions, Inc. $ARIS

Key Points

• Wealth Enhancement Advisory Services LLC has acquired a new stake in Aris Water Solutions, Inc., purchasing 23,690 shares valued at approximately $578,000.
• Multiple hedge funds have adjusted their positions in Aris Water Solutions, with Ameriprise Financial increasing its stake by 1.3% and American Century Companies boosting its position by 73.0%.
• The company recently reported EPS of $0.19, falling short of analysts' estimates, and declared a quarterly dividend of $0.14 per share, yielding 2.3%.

Wealth Enhancement Advisory Services LLC bought a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,690 shares of the company's stock, valued at approximately $578,000.

Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of Aris Water Solutions by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 2,758,907 shares of the company's stock valued at $88,395,000 after buying an additional 35,735 shares during the period. Vanguard Group Inc. increased its position in shares of Aris Water Solutions by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company's stock valued at $54,940,000 after purchasing an additional 17,858 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Aris Water Solutions during the 1st quarter valued at about $39,880,000. American Century Companies Inc. increased its position in shares of Aris Water Solutions by 73.0% during the 1st quarter. American Century Companies Inc. now owns 818,709 shares of the company's stock valued at $26,232,000 after purchasing an additional 345,593 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Aris Water Solutions by 49.2% during the 1st quarter. Invesco Ltd. now owns 545,733 shares of the company's stock valued at $17,485,000 after acquiring an additional 180,048 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ARIS shares. Capital One Financial cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Evercore ISI decreased 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 report on Monday, August 18th. US Capital Advisors cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of Aris Water Solutions in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a report on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. Two analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $26.50.

Aris Water Solutions Stock Down 0.3%

Shares of ARIS opened at $24.32 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.44 billion, a PE ratio of 29.30 and a beta of 1.67. Aris Water Solutions, Inc. has a 12-month low of $14.46 and a 12-month high of $33.95. The business's 50 day moving average is $23.48 and its 200 day moving average is $24.45.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted 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). The firm had revenue of $124.09 million during the quarter, compared to analysts' expectations of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. Research analysts expect 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. Shareholders of record on Thursday, September 4th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 4th. Aris Water Solutions's payout ratio is presently 67.47%.

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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