Blair William & Co. IL Decreases Stock Position in Aris Water Solutions, Inc. $ARIS

Blair William & Co. IL lowered its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 11.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,617 shares of the company’s stock after selling 4,782 shares during the quarter. Blair William & Co. IL owned about 0.06% of Aris Water Solutions worth $842,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in Aris Water Solutions in the 1st quarter worth $867,000. Janney Montgomery Scott LLC lifted its stake in Aris Water Solutions by 233.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 38,898 shares of the company’s stock worth $1,246,000 after purchasing an additional 27,246 shares in the last quarter. Strs Ohio purchased a new stake in Aris Water Solutions in the 1st quarter worth $647,000. Mad River Investors lifted its stake in Aris Water Solutions by 18.2% in the 2nd quarter. Mad River Investors now owns 88,500 shares of the company’s stock worth $2,093,000 after purchasing an additional 13,600 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in Aris Water Solutions in the 1st quarter worth $408,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $23.60 on Friday. 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, Inc. has a 1-year low of $14.46 and a 1-year high of $33.95. The firm has a market capitalization of $1.40 billion, a P/E ratio of 28.43 and a beta of 1.67. The company’s 50-day moving average is $24.00 and its 200 day moving average is $23.97.

Aris Water Solutions (NYSE:ARIS) last issued 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). Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%.The company had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. Research analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.4%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 67.47%.

Analysts Set New Price Targets

Several analysts have recently issued reports on ARIS shares. Wells Fargo & Company set a $27.00 target price on shares of Aris Water Solutions in a research report on Tuesday, August 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Aris Water Solutions in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Aris Water Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Evercore ISI decreased their target price on shares of Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating on the stock in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. started coverage on shares of Aris Water Solutions in a research report on Tuesday, July 29th. They set a “neutral” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.50.

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.