JPMorgan Chase & Co. Buys 216,158 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

JPMorgan Chase & Co. boosted its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 116.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402,093 shares of the company’s stock after buying an additional 216,158 shares during the period. JPMorgan Chase & Co. owned approximately 0.69% of Aris Water Solutions worth $6,783,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in shares of Aris Water Solutions by 1.7% during the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after acquiring an additional 758 shares in the last quarter. American Century Companies Inc. increased its stake in Aris Water Solutions by 140.3% during the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after purchasing an additional 284,788 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after purchasing an additional 139,259 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Aris Water Solutions by 93.5% during the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock worth $3,103,000 after buying an additional 95,700 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Aris Water Solutions in the second quarter valued at $312,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Aris Water Solutions news, insider S Corp Gable sold 331,181 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the sale, the insider now directly owns 2,268,559 shares of the company’s stock, valued at $57,076,944.44. This represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction dated Monday, November 11th. The stock was 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 of the company’s stock, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 937,508 shares of company stock worth $23,642,936. Insiders own 23.06% of the company’s stock.

Aris Water Solutions Stock Up 5.5 %

ARIS stock opened at $28.91 on Thursday. The stock has a market cap of $1.68 billion, a P/E ratio of 36.14 and a beta of 1.94. 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’s fifty day simple moving average is $25.19 and its two-hundred day simple moving average is $19.43. Aris Water Solutions, Inc. has a 1-year low of $7.74 and a 1-year high of $29.39.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.45%. Aris Water Solutions’s payout ratio is currently 52.50%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $25.00 to $27.00 in a research report on Wednesday. Citigroup reissued a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.