Aris Water Solutions (NYSE:ARIS) Upgraded by US Capital Advisors to “Strong-Buy” Rating

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 released on Monday, Zacks.com reports.

Aris Water Solutions Stock Up 1.1 %

Shares of NYSE:ARIS opened at $16.49 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 1.30. Aris Water Solutions has a 52 week low of $7.22 and a 52 week high of $18.99. The company 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 market capitalization of $958.25 million, a PE ratio of 21.99 and a beta of 1.62.

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

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.55%. Aris Water Solutions’s payout ratio is presently 56.00%.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the sale, the chief operating officer now owns 94,690 shares in the company, valued at $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Aris Water Solutions

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

Aris Water Solutions Company 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.