Barclays PLC Has $592,000 Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Barclays PLC boosted its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 277.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,102 shares of the company's stock after acquiring an additional 25,790 shares during the period. Barclays PLC owned 0.06% of Aris Water Solutions worth $592,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Aris Water Solutions during the second quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions during the third quarter worth $39,000. New York State Teachers Retirement System grew its holdings in shares of Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock valued at $41,000 after buying an additional 2,346 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Aris Water Solutions in the 2nd quarter valued at $82,000. Finally, Algert Global LLC acquired a new stake in Aris Water Solutions during the 2nd quarter worth $199,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Stock Performance

NYSE ARIS traded up $0.49 on Thursday, hitting $24.44. 343,449 shares of the stock were exchanged, compared to its average volume of 371,612. The business's fifty day moving average is $23.67 and its 200 day moving average is $18.76. The company has a market capitalization of $1.42 billion, a PE ratio of 30.55 and a beta of 1.91. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions, Inc. has a 52 week low of $7.74 and a 52 week high of $27.94.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.72%. Aris Water Solutions's payout ratio is currently 52.50%.

Insider Buying and Selling at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 57,731 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the completion of the transaction, the insider now directly owns 3,165,939 shares in the company, valued at $80,889,741.45. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the transaction, the director now directly owns 42,082 shares of the company's stock, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 574,917 shares of company stock valued at $14,523,915 in the last ninety days. 23.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on ARIS. Wells Fargo & Company boosted their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. 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 upped their price target 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. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.83.

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.