Farther Finance Advisors LLC Grows Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Farther Finance Advisors LLC grew its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 3,062.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,637 shares of the company’s stock after acquiring an additional 3,522 shares during the period. Farther Finance Advisors LLC’s holdings in Aris Water Solutions were worth $119,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in Aris Water Solutions by 4,584.0% during the 1st quarter. GAMMA Investing LLC now owns 29,509 shares of the company’s stock worth $921,000 after buying an additional 28,879 shares during the period. Wellington Management Group LLP increased its stake in Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock worth $23,112,000 after buying an additional 9,395 shares during the period. Mackenzie Financial Corp acquired a new position in Aris Water Solutions during the 4th quarter worth approximately $533,000. Voloridge Investment Management LLC acquired a new position in Aris Water Solutions during the 4th quarter worth approximately $358,000. Finally, Westwood Holdings Group Inc. acquired a new position in Aris Water Solutions during the 4th quarter worth approximately $332,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ARIS. The Goldman Sachs Group lowered their price target on shares of Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Wells Fargo & Company lowered their price target on shares of Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. Citigroup reiterated a “neutral” rating on shares of Aris Water Solutions in a report on Monday, May 12th. Finally, Wall Street Zen cut shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.00.

Aris Water Solutions Trading Down 0.7%

Shares of Aris Water Solutions stock opened at $25.35 on Friday. The company has a fifty day simple moving average of $24.29 and a 200-day simple moving average of $26.34. Aris Water Solutions, Inc. has a 12-month low of $13.34 and a 12-month high of $33.95. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 30.91 and a beta of 1.70.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.15% and a return on equity of 3.77%. The business had revenue of $120.49 million during the quarter, compared to analysts’ expectations of $115.72 million. On average, equities 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 announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Thursday, June 5th. Aris Water Solutions’s payout ratio is 68.29%.

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.