Intech Investment Management LLC bought a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,897 shares of the company's stock, valued at approximately $237,000.
A number of other hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in Aris Water Solutions in the fourth quarter worth $33,000. SG Americas Securities LLC boosted its holdings in Aris Water Solutions by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock valued at $262,000 after acquiring an additional 3,554 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Aris Water Solutions during the 4th quarter valued at $266,000. Finally, Janney Montgomery Scott LLC bought a new position in Aris Water Solutions in the 4th quarter worth $279,000. Hedge funds and other institutional investors own 39.71% of the company's stock.
Aris Water Solutions Stock Down 4.2 %
Shares of ARIS traded down $1.39 during mid-day trading on Friday, reaching $31.68. The company had a trading volume of 922,066 shares, compared to its average volume of 530,476. Aris Water Solutions, Inc. has a 52 week low of $12.44 and a 52 week high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 39.60 and a beta of 1.88. The firm has a 50-day moving average price of $28.78 and a 200 day moving average price of $24.21.
Aris Water Solutions Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.14 dividend. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 1.77%. Aris Water Solutions's payout ratio is presently 70.00%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on ARIS. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their target price for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Wells Fargo & Company increased their target price on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Citigroup restated a "neutral" rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their price target on Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.00.
Read Our Latest Stock Analysis on ARIS
Insider Activity at Aris Water Solutions
In related news, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares of the company's stock, valued at approximately $1,781,776.80. This represents a 12.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider S Corp Gable sold 31,410 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the transaction, the insider now owns 2,599,740 shares of the company's stock, valued at $65,097,489.60. This represents a 1.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,433,195 shares of company stock valued at $38,936,166. 22.46% of the stock is owned by insiders.
Aris Water Solutions Profile
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Free Report)
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.
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