Principal Financial Group Inc. Acquires Shares of 30,456 Aris Water Solutions, Inc. (NYSE:ARIS)

Principal Financial Group Inc. bought a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,456 shares of the company's stock, valued at approximately $514,000. Principal Financial Group Inc. owned approximately 0.05% of Aris Water Solutions at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. New York State Teachers Retirement System boosted its holdings in shares of Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock valued at $41,000 after acquiring an additional 2,346 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Aris Water Solutions during the third quarter valued at $2,080,000. Exchange Traded Concepts LLC lifted its holdings in Aris Water Solutions by 988.8% in the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company's stock valued at $2,327,000 after acquiring an additional 125,281 shares during the period. Inspire Investing LLC boosted its position in Aris Water Solutions by 11.0% in the third quarter. Inspire Investing LLC now owns 24,518 shares of the company's stock worth $414,000 after purchasing an additional 2,434 shares during the last quarter. Finally, Kings Path Partners LLC boosted its position in Aris Water Solutions by 2.6% in the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company's stock worth $1,134,000 after purchasing an additional 1,735 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the transaction, the director now owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 22.46% of the stock is currently owned by company insiders.

Aris Water Solutions Price Performance

Aris Water Solutions stock traded up $0.06 during mid-day trading on Monday, hitting $27.05. The stock had a trading volume of 482,066 shares, compared to its average volume of 365,596. Aris Water Solutions, Inc. has a one year low of $7.22 and a one year high of $27.64. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.58 billion, a P/E ratio of 33.81 and a beta of 1.62. The firm's 50 day moving average is $19.03 and its 200 day moving average is $16.88.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions's dividend payout ratio (DPR) is 52.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ARIS shares. Evercore ISI increased their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price target on shares of Aris Water Solutions from $20.00 to $26.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. US Capital Advisors upgraded shares of Aris Water Solutions from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered 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 research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their target price on Aris Water Solutions from $18.50 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

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.