Fmr LLC Reduces Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Fmr LLC lessened its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 99.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,540 shares of the company’s stock after selling 239,797 shares during the period. Fmr LLC’s holdings in Aris Water Solutions were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of Aris Water Solutions by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after purchasing an additional 758 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the second quarter worth $27,000. Kings Path Partners LLC grew its position in Aris Water Solutions by 2.6% during the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after buying an additional 1,735 shares during the period. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions in the third quarter valued at $39,000. Finally, New York State Teachers Retirement System increased its holdings in Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after buying an additional 2,346 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Stock Performance

NYSE ARIS opened at $25.24 on Thursday. The business’s 50-day simple moving average is $22.84 and its 200-day simple moving average is $18.43. The firm has a market capitalization of $1.47 billion, a P/E ratio of 31.55 and a beta of 1.91. Aris Water Solutions, Inc. has a 1-year low of $7.74 and a 1-year high of $27.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is 52.50%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Evercore ISI boosted their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $24.83.

Insider Buying and Selling

In other news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the transaction, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Corp Gable sold 57,731 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the completion of the transaction, the insider now owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,970 shares of company stock valued at $2,482,749 in the last quarter. Company insiders own 23.06% of the company’s stock.

About Aris Water Solutions

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.