US Bancorp DE Increases Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

US Bancorp DE boosted its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 2,902.7% during the first quarter, HoldingsChannel reports. The firm owned 6,576 shares of the company’s stock after buying an additional 6,357 shares during the period. US Bancorp DE’s holdings in Aris Water Solutions were worth $211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ARIS. Ameriprise Financial Inc. grew its holdings in shares of Aris Water Solutions by 3.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock worth $65,218,000 after purchasing an additional 81,413 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Aris Water Solutions in the fourth quarter worth $29,663,000. Wellington Management Group LLP lifted its stake in Aris Water Solutions by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock worth $23,112,000 after acquiring an additional 9,395 shares during the period. Dimensional Fund Advisors LP lifted its stake in Aris Water Solutions by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company’s stock worth $15,357,000 after acquiring an additional 8,844 shares during the period. Finally, Invesco Ltd. lifted its stake in Aris Water Solutions by 76.9% in the fourth quarter. Invesco Ltd. now owns 365,685 shares of the company’s stock worth $8,758,000 after acquiring an additional 159,024 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ARIS shares. JPMorgan Chase & Co. started coverage on Aris Water Solutions in a research report on Tuesday, July 29th. They set a “neutral” rating and a $25.00 price objective for the company. Wells Fargo & Company lowered their price objective on Aris Water Solutions from $29.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Capital One Financial lowered Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. The Goldman Sachs Group lowered their price target on Aris Water Solutions from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Aris Water Solutions has a consensus rating of “Hold” and a consensus target price of $26.50.

Aris Water Solutions Price Performance

NYSE ARIS opened at $23.97 on Friday. 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 moving average of $23.18 and a 200 day moving average of $25.44. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 28.88 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.87 and a current ratio of 1.73.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data 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 business had revenue of $124.09 million during the quarter, compared to the consensus estimate of $120.68 million. On average, sell-side analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Dividend Announcement

The company also recently declared 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. This represents a $0.56 dividend on an annualized basis 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%.

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.