HighTower Advisors LLC Raises Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

HighTower Advisors LLC raised its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 66.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,341 shares of the company’s stock after acquiring an additional 8,499 shares during the quarter. HighTower Advisors LLC’s holdings in Aris Water Solutions were worth $361,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Rhumbline Advisers raised its stake in Aris Water Solutions by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after purchasing an additional 758 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the 2nd quarter valued at approximately $27,000. Kings Path Partners LLC raised its position in shares of Aris Water Solutions by 2.6% during the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after buying an additional 1,735 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions in the third quarter worth $39,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Aris Water Solutions by 3.3% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company’s stock worth $1,151,000 after acquiring an additional 2,328 shares during the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ARIS shares. Stifel Nicolaus lifted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Wells Fargo & Company boosted their target price on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Finally, Evercore ISI raised their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.83.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the transaction, the director now owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 sale, the insider now owns 3,111,738 shares of the company’s stock, valued at approximately $77,886,802.14. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,970 shares of company stock worth $2,482,749. 23.06% of the stock is currently owned by insiders.

Aris Water Solutions Stock Performance

NYSE ARIS opened at $24.10 on Monday. The business’s 50 day moving average price is $22.32 and its 200-day moving average price is $18.21. Aris Water Solutions, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $27.94. The company has a market cap of $1.40 billion, a P/E ratio of 30.13 and a beta of 1.91. 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 Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

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.