Investors Bet Big on Water Tech Firm

Investors are showing a lot of interest in Aris Water Solutions, Inc. A few big investment firms have recently bought more shares of the company. Farther Finance Advisors LLC is one of them. They increased their stake by 41. 3% in the second quarter. They now own 5, 140 shares worth around $122, 000. Other big investors are also jumping in. Two Sigma Advisers LP started a new position in the fourth quarter. GAMMA Investing LLC boosted its holdings by a huge 4, 584. 0% in the first quarter. Janney Montgomery Scott LLC also increased its stake by 233. 8% during the same period. Inscription Capital LLC and Mad River Investors also got in on the action, buying new stakes in the first quarter. But what do the experts think? Analysts have mixed feelings about Aris Water Solutions. Some have upgraded their ratings, while others have downgraded. The stock currently has a consensus rating of “Hold” with an average price target of $26. 50.The company’s stock price has been a bit shaky. It opened at $24. 32 on a recent Friday. The stock has a 50-day moving average of $23. 48 and a 200-day moving average of $24. 50. The company has a market cap of $1. 44 billion and a PE ratio of 29. 30. Aris Water Solutions recently reported its earnings. They made $0. 19 per share, which was a bit lower than expected. However, their revenue of $124. 09 million beat estimates. The company also pays a dividend. They recently paid out $0. 14 per share, representing a 2. 3% yield. Aris Water Solutions is in the business of water handling and recycling. They help manage water generated from oil and natural gas production. They also develop facilities to treat and recycle this water.