Sigma Planning Corp Purchases Shares of 25,087 Aris Water Solutions, Inc. (NYSE:ARIS)

Sigma Planning Corp bought a new position in Aris Water Solutions, Inc. (NYSE:ARIS) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,087 shares of the company’s stock, valued at approximately $804,000.

Other institutional investors have also bought and sold shares of the company. Quarry LP purchased a new stake in Aris Water Solutions in the fourth quarter worth about $27,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aris Water Solutions during the 4th quarter valued at $52,000. CWM LLC lifted its stake in 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 in the last quarter. Meeder Asset Management Inc. raised its position in shares of Aris Water Solutions by 74.5% during the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock valued at $97,000 after buying an additional 1,726 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Aris Water Solutions by 3,062.6% in the 1st quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company’s stock worth $119,000 after purchasing an additional 3,522 shares during the period. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price objective 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 lowered shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. Citigroup reissued a “neutral” rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Finally, Wells Fargo & Company lowered their price target on shares of Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Aris Water Solutions Stock Performance

ARIS stock opened at $22.21 on Friday. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.31 billion, a P/E ratio of 27.08 and a beta of 1.69. The company has a 50-day simple moving average of $23.80 and a 200 day simple moving average of $26.13.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Sell-side analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.52%. Aris Water Solutions’s dividend payout ratio is currently 68.29%.

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.