Deutsche Bank AG Trims Stock Position in Aris Water Solutions, Inc. $ARIS

Deutsche Bank AG reduced its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,586 shares of the company’s stock after selling 2,177 shares during the quarter. Deutsche Bank AG’s holdings in Aris Water Solutions were worth $724,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in Aris Water Solutions by 3.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock valued at $65,218,000 after purchasing an additional 81,413 shares during the period. Vanguard Group Inc. increased its position in Aris Water Solutions by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,714,741 shares of the company’s stock valued at $54,940,000 after purchasing an additional 17,858 shares during the period. Wellington Management Group LLP increased its position in Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock valued at $23,112,000 after purchasing an additional 9,395 shares during the period. Dimensional Fund Advisors LP increased its position in Aris Water Solutions by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company’s stock valued at $15,357,000 after purchasing an additional 8,844 shares during the period. Finally, Whittier Trust Co. boosted its holdings in shares of Aris Water Solutions by 4.2% during the 1st quarter. Whittier Trust Co. now owns 364,094 shares of the company’s stock valued at $11,665,000 after buying an additional 14,602 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Price Performance

ARIS opened at $23.85 on Tuesday. 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 stock has a market capitalization of $1.41 billion, a P/E ratio of 28.73 and a beta of 1.67. The company’s 50-day simple moving average is $23.01 and its two-hundred day simple moving average is $25.30. Aris Water Solutions, Inc. has a 52-week low of $14.46 and a 52-week high of $33.95.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Monday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). The company had revenue of $124.09 million for the quarter, compared to the consensus estimate of $120.68 million. Aris Water Solutions had a net margin of 6.00% and a return on equity of 3.77%. As a group, analysts predict 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. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.14 per share. The ex-dividend date 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%.

Analyst Ratings Changes

ARIS has been the topic of a number of research reports. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a report on Tuesday, July 29th. They set a “neutral” rating and a $25.00 target price on the stock. Capital One Financial cut shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Evercore ISI dropped 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. Finally, Wall Street Zen cut shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.50.

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.