Counterpoint Mutual Funds LLC Purchases 63,766 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Counterpoint Mutual Funds LLC increased its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 602.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,342 shares of the company's stock after buying an additional 63,766 shares during the quarter. Aris Water Solutions accounts for approximately 0.2% of Counterpoint Mutual Funds LLC's holdings, making the stock its 24th biggest position. Counterpoint Mutual Funds LLC owned approximately 0.13% of Aris Water Solutions worth $1,780,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new position in Aris Water Solutions during the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions in the 3rd quarter valued at approximately $39,000. Janus Henderson Group PLC lifted its position in Aris Water Solutions by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 40,596 shares of the company's stock worth $685,000 after buying an additional 2,663 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Aris Water Solutions by 10.4% during the 4th quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock valued at $806,000 after buying an additional 3,179 shares during the period. 39.71% of the stock is owned by hedge funds and other institutional investors.

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Aris Water Solutions Stock Performance

Shares of ARIS traded down $0.10 during trading hours on Friday, reaching $31.93. 1,194,917 shares of the company traded hands, compared to its average volume of 506,275. 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 stock's fifty day moving average is $28.21 and its 200 day moving average is $23.39. Aris Water Solutions, Inc. has a 1-year low of $12.44 and a 1-year high of $32.72. The stock has a market cap of $1.87 billion, a P/E ratio of 39.91 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.14 dividend. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions's dividend payout ratio (DPR) is 70.00%.

Insider Buying and Selling

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $27.70, for a total transaction of $27,700,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider S Corp Gable sold 31,410 shares of the business's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the sale, the insider now directly owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. This represents a 1.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,910,142 shares of company stock valued at $50,977,332 over the last ninety days. 23.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ARIS has been the subject of a number of research reports. US Capital Advisors cut Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted 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. Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group boosted their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus raised their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.