Apollon Wealth Management LLC Purchases New Shares in Aris Water Solutions, Inc. $ARIS

Apollon Wealth Management LLC acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,085 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors also recently bought and sold shares of ARIS. Comerica Bank boosted its stake in shares of Aris Water Solutions by 64.4% during the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $41,000 after buying an additional 495 shares during the period. Harbour Investments Inc. lifted 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 acquiring an additional 1,272 shares during the period. CWM LLC lifted its position in Aris Water Solutions by 303.4% in the first quarter. CWM LLC now owns 1,920 shares of the company’s stock valued at $62,000 after purchasing an additional 1,444 shares during the period. Ancora Advisors LLC increased its position in Aris Water Solutions by 154.0% during 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 period. Finally, Farther Finance Advisors LLC grew its holdings in Aris Water Solutions by 3,062.6% during 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 during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on ARIS shares. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Zacks Research upgraded Aris Water Solutions from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Evercore ISI cut their price target on Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating for the company in a report on Monday, August 18th. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a 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 data from MarketBeat.com, Aris Water Solutions presently has an average rating of “Hold” and an average target price of $26.50.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $23.60 on Friday. Aris Water Solutions, Inc. has a 12-month low of $14.46 and a 12-month high of $33.95. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.43 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. The firm’s fifty day moving average price is $24.00 and its 200 day moving average price is $23.84.

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

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. 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.