Aris Water Solutions (NYSE:ARIS) Lifted 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 note published on Monday, Zacks.com reports.

Aris Water Solutions Stock Up 0.7 %

ARIS stock opened at $15.16 on Monday. The stock has a market capitalization of $880.66 million, a P/E ratio of 21.06 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30. Aris Water Solutions has a 1-year low of $7.22 and a 1-year high of $18.99. The business has a fifty day moving average price of $16.49 and a 200-day moving average price of $15.75.

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

Aris Water Solutions Dividend Announcement

The company 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. 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 2.77%. Aris Water Solutions’s payout ratio is currently 58.33%.

Insider Buying and Selling

In related 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 stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the sale, the chief operating officer now owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions in the second quarter worth $27,000. New York State Teachers Retirement System raised its position in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Aris Water Solutions in the second quarter worth about $46,000. Point72 Asset Management L.P. purchased a new position in shares of Aris Water Solutions during the second quarter valued at approximately $82,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Aris Water Solutions in the first quarter worth approximately $166,000. Institutional investors own 39.71% of the company’s stock.

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.