Cambridge Investment Research Advisors Inc. Takes Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Cambridge Investment Research Advisors Inc. purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,074 shares of the company's stock, valued at approximately $867,000.

A number of other large investors have also recently made changes to their positions in ARIS. SBI Securities Co. Ltd. purchased a new position in Aris Water Solutions during the 4th quarter valued at $33,000. Raymond James Financial Inc. purchased a new position in Aris Water Solutions during the 4th quarter valued at $29,663,000. Larson Financial Group LLC purchased a new position in Aris Water Solutions during the 4th quarter valued at $28,000. Moors & Cabot Inc. purchased a new position in Aris Water Solutions during the 4th quarter valued at $352,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Aris Water Solutions during the 4th quarter valued at $266,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Citigroup reiterated a "neutral" rating on shares of Aris Water Solutions in a report on Monday, May 12th. The Goldman Sachs Group lowered their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions has a consensus rating of "Hold" and a consensus target price of $26.00.

Aris Water Solutions Stock Up 2.1%

Shares of ARIS traded up $0.50 during trading hours on Tuesday, hitting $23.81. The company had a trading volume of 26,617 shares, compared to its average volume of 636,692. The company has a market capitalization of $1.41 billion, a PE ratio of 29.01 and a beta of 1.69. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.63. Aris Water Solutions, Inc. has a one year low of $13.34 and a one year high of $33.95. The company's fifty day moving average price is $24.03 and its two-hundred day moving average price is $26.26.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. The company had revenue of $120.49 million for the quarter, compared to analyst estimates of $115.72 million. As a group, equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, June 5th. Aris Water Solutions's dividend payout ratio is presently 68.29%.

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.