Alpine Woods Capital Investors LLC Cuts Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Alpine Woods Capital Investors LLC reduced its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,362 shares of the company's stock after selling 20,000 shares during the period. Alpine Woods Capital Investors LLC owned 0.13% of Aris Water Solutions worth $1,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in shares of Aris Water Solutions during the 4th quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in shares of Aris Water Solutions during the 4th quarter worth about $33,000. Meeder Asset Management Inc. bought a new position in Aris Water Solutions in the 3rd quarter valued at about $39,000. Tidal Investments LLC bought a new position in Aris Water Solutions in the 3rd quarter valued at about $252,000. Finally, SG Americas Securities LLC lifted its position in Aris Water Solutions by 48.1% in the 4th 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. Institutional investors own 39.71% of the company's stock.

Analyst Ratings Changes

ARIS has been the topic of several recent research reports. Stifel Nicolaus raised their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Wells Fargo & Company lifted their target price on shares of 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. The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Citigroup reissued a "neutral" rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Aris Water Solutions presently has an average rating of "Hold" and a consensus target price of $27.00.

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Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, CAO Jeffrey K. Hunt sold 10,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the sale, the chief accounting officer now owns 44,827 shares of the company's stock, valued at $1,296,396.84. The trade was a 18.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder S Corp Gable sold 38,739 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 3,111,738 shares in the company, valued at approximately $77,886,802.14. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 948,881 shares of company stock valued at $24,246,969 in the last 90 days. 23.06% of the stock is currently owned by company insiders.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS traded up $0.45 during mid-day trading on Tuesday, reaching $29.44. The company had a trading volume of 1,188,422 shares, compared to its average volume of 496,050. 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 cap of $1.72 billion, a price-to-earnings ratio of 36.80 and a beta of 1.88. The company's 50-day moving average price is $27.75 and its 200-day moving average price is $23.18. Aris Water Solutions, Inc. has a one year low of $12.44 and a one year high of $32.56.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.14 per share. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 1.90%. Aris Water Solutions's payout ratio is presently 70.00%.

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.