Sigma Planning Corp Has $488,000 Stake in Aris Water Solutions, Inc. $ARIS

Sigma Planning Corp lowered its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 17.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,642 shares of the company’s stock after selling 4,445 shares during the quarter. Sigma Planning Corp’s holdings in Aris Water Solutions were worth $488,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in shares of Aris Water Solutions by 1.3% during the first quarter. Ameriprise Financial Inc. now owns 2,758,907 shares of the company’s stock worth $88,395,000 after purchasing an additional 35,735 shares during the last quarter. Vanguard Group Inc. boosted its position in Aris Water Solutions by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company’s stock worth $54,940,000 after buying an additional 17,858 shares during the period. Driehaus Capital Management LLC bought a new stake in Aris Water Solutions during the 1st quarter worth approximately $39,880,000. American Century Companies Inc. increased its position in Aris Water Solutions by 73.0% in the 1st quarter. American Century Companies Inc. now owns 818,709 shares of the company’s stock valued at $26,232,000 after acquiring an additional 345,593 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Aris Water Solutions by 49.2% during the first quarter. Invesco Ltd. now owns 545,733 shares of the company’s stock valued at $17,485,000 after acquiring an additional 180,048 shares during the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Trading Down 0.4%

ARIS opened at $23.60 on Friday. The company has a fifty day moving average price of $23.93 and a two-hundred day moving average price of $23.64. Aris Water Solutions, Inc. has a 1-year low of $14.46 and a 1-year high of $33.95. The company has a market cap of $1.40 billion, a P/E ratio of 28.43 and a beta of 1.67. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS) last issued its 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 net margin of 6.00% and a return on equity of 3.77%. The firm had revenue of $124.09 million during the quarter, compared to analyst estimates of $120.68 million. Analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ARIS shares. Evercore ISI dropped their price target on shares of 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. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. 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 price target for the company. Zacks Research raised Aris Water Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, September 1st. Finally, Capital One Financial lowered Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.50.

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.