Apollon Wealth Management LLC Buys Shares of 12,085 Aris Water Solutions, Inc. $ARIS

Apollon Wealth Management LLC purchased a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 12,085 shares of the company’s stock, valued at approximately $286,000.

Several other institutional investors also recently made changes to their positions in ARIS. Comerica Bank raised 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 worth $41,000 after purchasing an additional 495 shares during the period. Harbour Investments Inc. increased its stake in shares of Aris Water Solutions by 478.2% in the first 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 during the period. CWM LLC boosted its position in shares of Aris Water Solutions by 303.4% during the first quarter. CWM LLC now owns 1,920 shares of the company’s stock worth $62,000 after buying an additional 1,444 shares during the period. Ancora Advisors LLC grew its stake in shares of Aris Water Solutions by 154.0% in the first quarter. Ancora Advisors LLC now owns 2,032 shares of the company’s stock worth $65,000 after purchasing an additional 1,232 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Aris Water Solutions by 3,062.6% in the first quarter. Farther Finance Advisors LLC now owns 3,637 shares of the company’s stock worth $119,000 after purchasing an additional 3,522 shares during the period. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Stock Down 0.4%

Shares of Aris Water Solutions stock opened at $23.60 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 28.43 and a beta of 1.67. Aris Water Solutions, Inc. has a 52-week low of $14.46 and a 52-week high of $33.95. The stock has a 50-day simple moving average of $24.00 and a 200-day simple moving average of $23.84.

Aris Water Solutions (NYSE:ARIS) last announced its quarterly 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. On average, equities research analysts expect that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on ARIS shares. Zacks Research upgraded shares of Aris Water Solutions from a “strong sell” rating to a “hold” rating in a report on Monday, September 1st. JPMorgan Chase & Co. started coverage on Aris Water Solutions in a report on Tuesday, July 29th. They set a “neutral” rating and a $25.00 target price on the stock. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Evercore ISI cut their target price on Aris Water Solutions from $26.00 to $25.00 and set an “in-line” rating on the stock in a research report on Monday, August 18th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Aris Water Solutions in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.50.

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.