Aris Water Solutions, Inc. (NYSE:ARIS) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 61.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,887 shares of the company’s stock after purchasing an additional 8,372 shares during the quarter. Stifel Financial Corp’s holdings in Aris Water Solutions were worth $369,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions in the 3rd quarter valued at $39,000. New York State Teachers Retirement System raised its stake in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after purchasing an additional 2,346 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Aris Water Solutions in the 2nd quarter valued at $82,000. Finally, Algert Global LLC acquired a new stake in Aris Water Solutions during the 2nd quarter worth $199,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Stock Performance

NYSE ARIS opened at $24.07 on Friday. The stock has a fifty day simple moving average of $23.18 and a 200-day simple moving average of $18.56. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.40 billion, a PE ratio of 30.09 and a beta of 1.91. Aris Water Solutions, Inc. has a twelve month low of $7.74 and a twelve month high of $27.94.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is 52.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus boosted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Evercore ISI boosted their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company raised their target price 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.83.

Insider Transactions at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 57,731 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the sale, the insider now owns 3,165,939 shares of the company’s stock, valued at approximately $80,889,741.45. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the transaction, the director now owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 574,917 shares of company stock worth $14,523,915. 23.06% of the stock is currently owned by insiders.

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.