12,730 Shares in Aris Water Solutions, Inc. $ARIS Acquired 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 shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,730 shares of the company's stock, valued at approximately $408,000.

Several other institutional investors have also recently bought and sold shares of ARIS. Ameriprise Financial Inc. grew its holdings in shares of Aris Water Solutions by 1.3% during the 1st quarter. Ameriprise Financial Inc. now owns 2,758,907 shares of the company's stock valued at $88,395,000 after purchasing an additional 35,735 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Aris Water Solutions by 1.1% during the first 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 last quarter. Driehaus Capital Management LLC acquired a new position in shares of Aris Water Solutions during the first quarter worth $39,880,000. Wellington Management Group LLP lifted its stake in shares of Aris Water Solutions by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after acquiring an additional 9,395 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Aris Water Solutions by 73.0% during 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 in the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Trading Up 0.2%

NYSE ARIS traded up $0.06 during mid-day trading on Thursday, reaching $24.18. 378,868 shares of the stock were exchanged, compared to its average volume of 923,657. The stock has a market cap of $1.43 billion, a P/E ratio of 29.13 and a beta of 1.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. Aris Water Solutions, Inc. has a one year low of $14.46 and a one year high of $33.95. The stock has a 50 day simple moving average of $22.90 and a 200-day simple moving average of $24.87.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The business had revenue of $124.09 million for the quarter, compared to analyst estimates of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. On average, analysts anticipate that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

ARIS has been the subject of a number of recent research reports. Capital One Financial cut Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research note on Tuesday, July 29th. They issued a "neutral" rating and a $25.00 price objective for the company. Evercore ISI reduced their target price on shares of Aris Water Solutions from $26.00 to $25.00 and set an "in-line" rating on the stock in a report on Monday, August 18th. Zacks Research upgraded shares of Aris Water Solutions from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. Finally, US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Aris Water Solutions has an average rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Profile

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.