Kings Path Partners LLC Increases Stock Holdings in Aris Water Solutions, Inc. $ARIS

Kings Path Partners LLC lifted its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 14.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,315 shares of the company’s stock after buying an additional 3,080 shares during the quarter. Kings Path Partners LLC’s holdings in Aris Water Solutions were worth $575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank lifted its holdings in shares of Aris Water Solutions by 64.4% in the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $41,000 after buying an additional 495 shares in the last quarter. Harbour Investments Inc. raised its stake in Aris Water Solutions by 478.2% in the first quarter. Harbour Investments Inc. now owns 1,538 shares of the company’s stock valued at $49,000 after purchasing an additional 1,272 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions in the fourth quarter valued at approximately $52,000. CWM LLC raised its stake in 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, Ancora Advisors LLC raised its stake in Aris Water Solutions by 154.0% in the first quarter. Ancora Advisors LLC now owns 2,032 shares of the company’s stock valued at $65,000 after purchasing an additional 1,232 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Trading Up 0.1%

ARIS stock opened at $24.10 on Friday. The company has a market capitalization of $1.43 billion, a PE ratio of 29.03 and a beta of 1.68. Aris Water Solutions, Inc. has a one year low of $14.46 and a one year high of $33.95. The company’s 50 day moving average price is $22.88 and its two-hundred day moving average price is $24.97. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $124.09 million for the quarter, compared to analysts’ expectations of $120.68 million. Aris Water Solutions had a return on equity of 3.77% and a net margin of 6.00%. As a group, analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.3%. Aris Water Solutions’s dividend payout ratio (DPR) is 67.47%.

Analyst Ratings Changes

ARIS has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $27.00 target price on shares of Aris Water Solutions in a research note on Tuesday, August 19th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Evercore ISI lowered 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 research note on Monday, August 18th. JPMorgan Chase & Co. initiated coverage on shares of Aris Water Solutions in a research note on Tuesday, July 29th. They issued a “neutral” rating and a $25.00 target price on the stock. Finally, Capital One Financial downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Aris Water Solutions presently has an average rating of “Hold” and an average 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.