Aris Water Solutions (NYSE:ARIS) Cut to Hold at US Capital Advisors

US Capital Advisors downgraded shares of Aris Water Solutions (NYSE:ARIS) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on ARIS. The Goldman Sachs Group dropped 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. Wall Street Zen cut shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Capital One Financial cut shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Evercore ISI dropped 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. Finally, Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.50.

Aris Water Solutions Stock Up 0.7%

NYSE:ARIS opened at $23.8950 on Thursday. The firm’s 50-day moving average price is $23.04 and its 200-day moving average price is $25.34. The company has a market capitalization of $1.41 billion, a PE ratio of 28.79 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. Aris Water Solutions has a 1-year low of $14.46 and a 1-year high of $33.95.

Aris Water Solutions (NYSE:ARIS) last released its earnings results 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 analysts’ expectations of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. On average, equities analysts predict that Aris Water Solutions will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business 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 is Thursday, September 4th. This represents a $0.56 annualized dividend and a yield of 2.3%. Aris Water Solutions’s dividend payout ratio is currently 67.47%.

Hedge Funds Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ranger Investment Management L.P. lifted its stake in Aris Water Solutions by 2.4% during the 2nd quarter. Ranger Investment Management L.P. now owns 1,319,056 shares of the company’s stock valued at $31,196,000 after acquiring an additional 30,775 shares during the period. Advisory Services Network LLC bought a new position in Aris Water Solutions during the 2nd quarter valued at about $508,000. Westwood Holdings Group Inc. lifted its stake in shares of Aris Water Solutions by 1.1% in the 2nd quarter. Westwood Holdings Group Inc. now owns 314,306 shares of the company’s stock worth $7,433,000 after purchasing an additional 3,373 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Aris Water Solutions by 309.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,233 shares of the company’s stock worth $360,000 after purchasing an additional 11,517 shares during the period. Finally, Corient Private Wealth LLC bought a new position in shares of Aris Water Solutions in the 2nd quarter worth approximately $244,000. Institutional investors own 39.71% of the company’s stock.

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.