Moors & Cabot Inc. Acquires 68,540 Shares of Aris Water Solutions, Inc. $ARIS

Moors & Cabot Inc. increased its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 197.2% during the second quarter, Holdings Channel.com reports. The fund owned 103,300 shares of the company’s stock after purchasing an additional 68,540 shares during the quarter. Moors & Cabot Inc.’s holdings in Aris Water Solutions were worth $2,443,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Meixler Investment Management Ltd. bought a new stake in shares of Aris Water Solutions during the 2nd quarter worth approximately $255,000. Envestnet Asset Management Inc. lifted its holdings in shares of Aris Water Solutions by 36.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,066 shares of the company’s stock worth $664,000 after acquiring an additional 7,467 shares during the period. AlphaQuest LLC lifted its holdings in shares of Aris Water Solutions by 7,114.3% during the 2nd quarter. AlphaQuest LLC now owns 1,515 shares of the company’s stock worth $36,000 after acquiring an additional 1,494 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Aris Water Solutions by 4.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 195,442 shares of the company’s stock worth $4,620,000 after acquiring an additional 8,413 shares during the period. Finally, Whittier Trust Co. lifted its holdings in shares of Aris Water Solutions by 2.5% during the 2nd quarter. Whittier Trust Co. now owns 373,099 shares of the company’s stock worth $8,820,000 after acquiring an additional 9,005 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Trading Down 0.4%

Shares of Aris Water Solutions stock opened at $23.60 on Thursday. The firm has a market capitalization of $1.40 billion, a PE ratio of 28.43 and a beta of 1.67. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $23.95 and its 200 day moving average is $23.65. Aris Water Solutions, Inc. has a 1 year low of $14.46 and a 1 year high of $33.95.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $120.68 million. Equities research analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

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

Analysts Set New Price Targets

ARIS has been the subject of a number of recent analyst reports. Evercore ISI cut their price target on shares of 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Aris Water Solutions in a report on Wednesday, October 8th. Zacks Research raised shares of Aris Water Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. Wells Fargo & Company set a $27.00 price target on shares of Aris Water Solutions in a report on Tuesday, August 19th. Finally, US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.50.

Aris Water Solutions 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.