Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 119,830 shares of the company's stock, valued at approximately $3,839,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.20% of Aris Water Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Aris Water Solutions by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock valued at $365,000 after purchasing an additional 557 shares in the last quarter. Quarry LP purchased a new position in shares of Aris Water Solutions in the fourth quarter valued at $27,000. Centiva Capital LP grew its position in shares of Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company's stock valued at $327,000 after purchasing an additional 1,368 shares in the last quarter. CWM LLC grew its position in shares of Aris Water Solutions by 303.4% in the first quarter. CWM LLC now owns 1,920 shares of the company's stock valued at $62,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Aris Water Solutions by 38.1% in the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after purchasing an additional 1,594 shares in the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARIS has been the subject of several research analyst reports. Wall Street Zen lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. initiated coverage on Aris Water Solutions in a research note on Tuesday. They set a "neutral" rating and a $25.00 price objective for the company. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Wells Fargo & Company dropped 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 note on Thursday, May 8th. Finally, The Goldman Sachs Group dropped their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Price Performance

ARIS stock traded down $1.21 during mid-day trading on Friday, hitting $20.06. 219,179 shares of the stock were exchanged, compared to its average volume of 825,124. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.87 and a quick ratio of 1.87. The business has a fifty day moving average price of $23.42 and a 200 day moving average price of $25.92. Aris Water Solutions, Inc. has a 12 month low of $13.34 and a 12 month high of $33.95. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 24.41 and a beta of 1.69.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.15%. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $0.14 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. Aris Water Solutions's payout ratio is currently 68.29%.

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.