Barclays PLC Purchases 25,790 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Barclays PLC lifted its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 277.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,102 shares of the company’s stock after purchasing an additional 25,790 shares during the quarter. Barclays PLC owned about 0.06% of Aris Water Solutions worth $592,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ARIS. Eagle Asset Management Inc. purchased a new position in Aris Water Solutions during the third quarter worth about $10,828,000. American Century Companies Inc. raised its holdings in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after acquiring an additional 284,788 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 139,259 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Aris Water Solutions by 988.8% during the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after purchasing an additional 125,281 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Aris Water Solutions by 93.5% in the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock worth $3,103,000 after purchasing an additional 95,700 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

Insider Activity

In related news, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the transaction, the insider now directly owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now directly 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 three months, insiders have sold 937,508 shares of company stock valued at $23,642,936. 22.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Citigroup reissued a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Finally, Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Aris Water Solutions has a consensus rating of “Hold” and an average target price of $26.50.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock opened at $28.67 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a 52-week low of $7.74 and a 52-week high of $29.90. The company has a fifty day moving average of $25.32 and a 200-day moving average of $19.50. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 35.83 and a beta of 1.94.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders 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 1.47%. Aris Water Solutions’s payout ratio is 52.50%.

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.