Aris Water Solutions, Inc. (NYSE:ARIS) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,782 shares of the company’s stock after acquiring an additional 6,700 shares during the quarter. New York State Common Retirement Fund owned 0.20% of Aris Water Solutions worth $2,773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions during the third quarter worth about $39,000. New York State Teachers Retirement System boosted its holdings in Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after buying an additional 2,346 shares in the last quarter. Tidal Investments LLC purchased a new stake in Aris Water Solutions during the third quarter worth about $252,000. SG Americas Securities LLC boosted its holdings in Aris Water Solutions by 48.1% during the fourth 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 in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Aris Water Solutions during the third quarter worth about $266,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction 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. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,159,678 shares of company stock valued at $106,807,774 over the last 90 days. Insiders own 22.46% of the company’s stock.

Aris Water Solutions Stock Up 1.9 %

Shares of NYSE ARIS opened at $31.56 on Friday. The firm’s 50-day moving average is $26.84 and its two-hundred day moving average is $22.19. 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 company has a market capitalization of $1.84 billion, a PE ratio of 39.46 and a beta of 1.94. Aris Water Solutions, Inc. has a 12-month low of $10.56 and a 12-month high of $32.00.

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 given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Thursday, March 13th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is currently 52.50%.

Analyst Ratings Changes

ARIS has been the topic of a number of research 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. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Citigroup reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Finally, Stifel Nicolaus upped 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.00.

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.