Aris Water Solutions, Inc. $ARIS Shares Sold by Inspire Investing LLC

Inspire Investing LLC lowered its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 36.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,638 shares of the company’s stock after selling 6,034 shares during the period. Inspire Investing LLC’s holdings in Aris Water Solutions were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ARIS. Comerica Bank grew its stake in shares of Aris Water Solutions by 64.4% in the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $41,000 after purchasing an additional 495 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock worth $49,000 after purchasing an additional 1,272 shares during the last quarter. CWM LLC grew its stake in shares of Aris Water Solutions by 303.4% in the 1st quarter. CWM LLC now owns 1,920 shares of the company’s stock worth $62,000 after purchasing an additional 1,444 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of Aris Water Solutions by 154.0% in the 1st quarter. Ancora Advisors LLC now owns 2,032 shares of the company’s stock worth $65,000 after purchasing an additional 1,232 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Aris Water Solutions by 3,062.6% in the first 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 in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Capital One Financial downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Zacks Research upgraded shares of Aris Water Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Wells Fargo & Company set a $27.00 price objective on shares of Aris Water Solutions in a research note on Tuesday, August 19th. JPMorgan Chase & Co. began coverage on shares of Aris Water Solutions in a research note on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, Evercore ISI reduced their price objective on shares of Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating for the company in a research note on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.50.

Aris Water Solutions Stock Up 0.0%

ARIS opened at $24.11 on Thursday. The firm’s 50-day simple moving average is $22.90 and its 200-day simple moving average is $24.87. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. Aris Water Solutions, Inc. has a twelve month low of $14.46 and a twelve month high of $33.95. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 29.04 and a beta of 1.68.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Monday, August 11th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The firm had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. Equities research analysts anticipate that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given 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 67.47%.

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.