14,307 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,307 shares of the company's stock, valued at approximately $458,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARIS. Quarry LP purchased a new stake in shares of Aris Water Solutions in the fourth quarter worth $27,000. Larson Financial Group LLC bought a new position in shares of Aris Water Solutions during the fourth quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in shares of Aris Water Solutions during the fourth quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions during the fourth quarter valued at $52,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Aris Water Solutions by 74.5% during the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after purchasing an additional 1,726 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Performance

ARIS traded down $0.02 during midday trading on Monday, reaching $23.01. The company had a trading volume of 1,134,519 shares, compared to its average volume of 648,844. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average of $23.85 and a two-hundred day moving average of $26.21. The company has a market cap of $1.36 billion, a P/E ratio of 28.06 and a beta of 1.69. Aris Water Solutions, Inc. has a 1 year low of $13.34 and a 1 year high of $33.95.

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

Aris Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, June 5th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Thursday, June 5th. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Analyst Upgrades and Downgrades

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

Aris Water Solutions Company 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.