Aris Water Solutions (NYSE:ARIS) Cut to Hold at Capital One Financial

Capital One Financial lowered shares of Aris Water Solutions (NYSE:ARIS) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on ARIS. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a research note on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 target price for the company. Citigroup reiterated a “neutral” rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Wall Street Zen downgraded shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. The Goldman Sachs Group reduced their target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Wells Fargo & Company reduced their target price on shares of Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Hold” and a consensus price target of $26.50.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $23.99 on Monday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 28.90 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.87 and a current ratio of 1.73. Aris Water Solutions has a 52 week low of $14.46 and a 52 week high of $33.95. The firm’s 50-day simple moving average is $23.19 and its two-hundred day simple moving average is $25.48.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. As a group, equities analysts forecast that Aris Water Solutions will post 0.91 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 4th. Aris Water Solutions’s payout ratio is 68.29%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Aris Water Solutions during the 4th quarter valued at $27,000. Comerica Bank grew its position in shares of Aris Water Solutions by 64.4% during the 1st quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $41,000 after purchasing an additional 495 shares in the last quarter. AlphaQuest LLC grew its position 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 valued at $36,000 after purchasing an additional 1,494 shares in the last quarter. Harbour Investments Inc. grew its position in shares of Aris Water Solutions by 478.2% during the 1st quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock valued at $49,000 after purchasing an additional 1,272 shares in the last quarter. Finally, CWM LLC grew 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 buying an additional 1,444 shares in the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.