Aris Water Solutions (NYSE:ARIS) Rating Increased to Strong-Buy at US Capital Advisors

US Capital Advisors upgraded shares of Aris Water Solutions (NYSE:ARIS - Free Report) from a moderate buy rating to a strong-buy rating in a report released on Monday morning, Zacks.com reports.

Aris Water Solutions Trading Up 4.0 %

Shares of NYSE ARIS traded up $0.60 on Monday, reaching $15.74. 328,019 shares of the company traded hands, compared to its average volume of 344,168. The company has a 50 day moving average of $16.48 and a 200 day moving average of $15.76. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62. Aris Water Solutions has a fifty-two week low of $7.22 and a fifty-two week high of $18.99. The stock has a market capitalization of $914.35 million, a PE ratio of 21.86 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. The company had revenue of $101.12 million for the quarter, compared to the consensus estimate of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. On average, equities research analysts forecast that Aris Water Solutions will post 0.88 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.105 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.42 annualized dividend and a yield of 2.67%. Aris Water Solutions's payout ratio is 58.33%.

Insiders Place Their Bets

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the transaction, the chief operating officer now directly owns 94,690 shares of the company's stock, valued at $1,405,199.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARIS. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Aris Water Solutions in the second quarter worth about $27,000. New York State Teachers Retirement System raised its position in shares of 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 valued at $41,000 after purchasing an additional 2,346 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Aris Water Solutions in the second quarter valued at $46,000. Point72 Asset Management L.P. bought a new position in shares of Aris Water Solutions during the second quarter worth about $82,000. Finally, Quadrature Capital Ltd bought a new position in Aris Water Solutions during the 1st quarter worth approximately $166,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.