Cambridge Investment Research Advisors Inc. Makes New $867,000 Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Cambridge Investment Research Advisors Inc. acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,074 shares of the company’s stock, valued at approximately $867,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ARIS. Quarry LP acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC purchased a new stake in Aris Water Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Aris Water Solutions in the 4th quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions in the 4th quarter worth $52,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Aris Water Solutions by 3,062.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company’s stock worth $119,000 after acquiring an additional 3,522 shares during the period. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $24.38 on Monday. The stock has a fifty day moving average price of $24.09 and a 200 day moving average price of $26.27. Aris Water Solutions, Inc. has a 52 week low of $13.34 and a 52 week high of $33.95. The firm has a market capitalization of $1.44 billion, a P/E ratio of 29.73 and a beta of 1.69. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The business had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. Equities research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current 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 given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Thursday, June 5th. Aris Water Solutions’s payout ratio is currently 68.29%.

Wall Street Analysts Forecast Growth

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

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.