Sequoia Financial Advisors LLC Takes Position in Aris Water Solutions, Inc. $ARIS

Sequoia Financial Advisors LLC acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,785 shares of the company’s stock, valued at approximately $279,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARIS. Comerica Bank lifted 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 valued at $41,000 after purchasing an additional 495 shares during the period. Harbour Investments Inc. increased its position in Aris Water Solutions by 478.2% in the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock valued at $49,000 after buying an additional 1,272 shares in the last quarter. CWM LLC increased its position in Aris Water Solutions by 303.4% in the 1st quarter. CWM LLC now owns 1,920 shares of the company’s stock valued at $62,000 after buying an additional 1,444 shares in the last quarter. Ancora Advisors LLC increased its position in Aris Water Solutions by 154.0% in the 1st quarter. Ancora Advisors LLC now owns 2,032 shares of the company’s stock valued at $65,000 after buying an additional 1,232 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Aris Water Solutions by 41.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,140 shares of the company’s stock valued at $122,000 after buying an additional 1,503 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Zacks Research raised 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 Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating for the company in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aris Water Solutions in a research report on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 target price for the company. Finally, Wells Fargo & Company set a $27.00 target price on Aris Water Solutions in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Aris Water Solutions presently has an average rating of “Hold” and an average target price of $26.50.

Aris Water Solutions Price Performance

Shares of NYSE ARIS opened at $23.60 on Thursday. Aris Water Solutions, Inc. has a twelve month low of $14.46 and a twelve month high of $33.95. The stock’s 50 day moving average price is $23.99 and its 200-day moving average price is $23.79. The company has a market capitalization of $1.40 billion, a PE ratio of 28.43 and a beta of 1.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS) last announced 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). Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%.The business had revenue of $124.09 million during the quarter, compared to analysts’ expectations of $120.68 million. On average, equities analysts anticipate that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

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

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.