Aris Water Solutions (NYSE:ARIS) Raised to Strong-Buy at US Capital Advisors

US Capital Advisors upgraded shares of Aris Water Solutions (NYSE:ARIS) from a moderate buy rating to a strong-buy rating in a research report sent to investors on Monday, Zacks.com reports.

Aris Water Solutions Trading Up 1.1 %

Aris Water Solutions stock opened at $16.49 on Monday. The stock has a market cap of $958.25 million, a price-to-earnings ratio of 21.99 and a beta of 1.62. Aris Water Solutions has a 12 month low of $7.22 and a 12 month high of $18.99. The business has a 50 day moving average price of $16.48 and a two-hundred day moving average price of $15.77. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $101.12 million for the quarter, compared to analyst estimates of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. As a group, equities analysts forecast that Aris Water Solutions will post 0.88 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, September 5th. Aris Water Solutions’s dividend payout ratio (DPR) is 56.00%.

Insider Buying and Selling

In other news, COO Brunt David Dylan Van sold 14,813 shares of Aris Water Solutions stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $14.84, for a total value of $219,824.92. Following the completion of the transaction, the chief operating officer now owns 94,690 shares in the company, valued at approximately $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 23.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Aris Water Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kayne Anderson Capital Advisors LP lifted its position in shares of Aris Water Solutions by 93.2% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock worth $16,886,000 after purchasing an additional 575,536 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after purchasing an additional 284,788 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after buying an additional 139,259 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Aris Water Solutions by 988.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after buying an additional 125,281 shares during the period. Finally, Nicholas Investment Partners LP bought a new stake in shares of Aris Water Solutions during the second quarter worth approximately $1,703,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.