Aris Water Solutions, Inc. (NYSE:ARIS) Stock Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,635 shares of the company’s stock after acquiring an additional 3,179 shares during the quarter. Principal Financial Group Inc. owned approximately 0.06% of Aris Water Solutions worth $806,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legato Capital Management LLC raised its stake in Aris Water Solutions by 7.2% during the fourth quarter. Legato Capital Management LLC now owns 93,186 shares of the company’s stock worth $2,232,000 after acquiring an additional 6,259 shares during the period. Perigon Wealth Management LLC acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $320,000. Janney Montgomery Scott LLC acquired a new position in Aris Water Solutions during the 4th quarter valued at approximately $279,000. SG Americas Securities LLC grew its stake in Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after buying an additional 3,554 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Aris Water Solutions by 116.3% in the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after buying an additional 216,158 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS opened at $26.47 on Friday. The stock’s 50 day moving average price is $27.09 and its 200 day moving average price is $22.46. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 33.09 and a beta of 1.88. Aris Water Solutions, Inc. has a 12 month low of $11.39 and a 12 month high of $32.56.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.14 dividend. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.12%. Aris Water Solutions’s dividend payout ratio is 70.00%.

Insider Activity at Aris Water Solutions

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now owns 3,111,738 shares in the company, valued at $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,159,678 shares of company stock valued at $106,807,774 over the last 90 days. 23.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ARIS has been the subject of several analyst reports. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Citigroup reiterated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Wells Fargo & Company raised their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus boosted their price target on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

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.