Aris Water Solutions, Inc. (NYSE:ARIS) Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 2,346.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,446 shares of the company’s stock after buying an additional 2,346 shares during the period. New York State Teachers Retirement System’s holdings in Aris Water Solutions were worth $41,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ARIS. Clearbridge Investments LLC grew its position in shares of Aris Water Solutions by 7.2% in the first quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after purchasing an additional 39,145 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Aris Water Solutions during the second quarter worth about $554,000. American Century Companies Inc. increased its stake in Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after acquiring an additional 284,788 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Aris Water Solutions during the third quarter worth about $2,080,000. Finally, Exchange Traded Concepts LLC increased its stake in 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 acquiring an additional 125,281 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Trading Up 6.8 %

Shares of ARIS opened at $25.25 on Tuesday. The company has a market capitalization of $1.47 billion, a P/E ratio of 31.56 and a beta of 1.62. Aris Water Solutions, Inc. has a one year low of $7.22 and a one year high of $25.62. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 1.72. The stock has a 50-day moving average price of $17.08 and a 200 day moving average price of $16.14.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Analyst Ratings Changes

Several brokerages have commented on ARIS. The Goldman Sachs Group upped their price target on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. US Capital Advisors upgraded Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Stifel Nicolaus increased their target price on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI increased their target price on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their target price for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

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.