12,730 Shares in Aris Water Solutions, Inc. $ARIS Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC acquired 12,730 shares of Aris Water Solutions, Inc. (NYSE:ARIS), valued at approximately $408,000, during the first quarter.
• Analysts have recently downgraded their ratings for Aris Water Solutions, with a consensus rating of "Hold" and a target price averaging $26.50.
• The company announced a quarterly dividend of $0.14 per share, representing a dividend yield of 2.3%, to be paid on September 18th.

Integrity Alliance LLC. purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,730 shares of the company's stock, valued at approximately $408,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARIS. The Manufacturers Life Insurance Company acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $229,000. Northern Trust Corp grew its stake in shares of Aris Water Solutions by 1.0% during the 4th quarter. Northern Trust Corp now owns 230,373 shares of the company's stock worth $5,517,000 after purchasing an additional 2,357 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $307,000. Bank of America Corp DE grew its stake in shares of Aris Water Solutions by 71.9% during the 4th quarter. Bank of America Corp DE now owns 143,331 shares of the company's stock worth $3,433,000 after purchasing an additional 59,972 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $209,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Trading Down 0.5%

Shares of NYSE ARIS traded down $0.12 during trading on Monday, hitting $23.95. 1,021,987 shares of the company were exchanged, compared to its average volume of 990,894. Aris Water Solutions, Inc. has a 12-month low of $14.46 and a 12-month high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. The company has a fifty day moving average price of $22.89 and a 200-day moving average price of $24.88. The firm has a market capitalization of $1.42 billion, a PE ratio of 28.85 and a beta of 1.68.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted 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 company had revenue of $124.09 million for the quarter, compared to analysts' expectations of $120.68 million. As a group, equities research analysts expect that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 4th. Aris Water Solutions's payout ratio is currently 67.47%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ARIS shares. Evercore ISI dropped their price objective on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a research note on Monday, August 18th. Capital One Financial lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wells Fargo & Company set a $27.00 target price on Aris Water Solutions in a research report on Tuesday, August 19th. Finally, Zacks Research upgraded Aris Water Solutions from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.