Aris Water Solutions, Inc. (NYSE:ARIS) Stock Holdings Lowered by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP trimmed its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 66.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 268,541 shares of the company's stock after selling 529,245 shares during the period. Kayne Anderson Capital Advisors LP owned about 0.46% of Aris Water Solutions worth $6,432,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its position 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. Principal Financial Group Inc. acquired a new stake in shares of Aris Water Solutions during the third quarter worth $514,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions during the third quarter valued at $39,000. Advisors Asset Management Inc. boosted its position in shares of Aris Water Solutions by 53.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company's stock valued at $355,000 after purchasing an additional 7,281 shares during the period. Finally, Eagle Asset Management Inc. purchased a new position in Aris Water Solutions in the 3rd quarter worth about $10,828,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock opened at $30.62 on Wednesday. Aris Water Solutions, Inc. has a 1-year low of $12.44 and a 1-year high of $32.56. The firm has a fifty day simple moving average of $27.38 and a 200-day simple moving average of $22.83. 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 stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 38.27 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.14 dividend. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions's dividend payout ratio (DPR) is currently 70.00%.

Insider Activity

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of the business'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 transaction, the insider now directly owns 3,111,738 shares in the company, valued at $77,886,802.14. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on ARIS shares. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Stifel Nicolaus lifted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Wells Fargo & Company upped their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. The Goldman Sachs Group upped their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Four investment 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 company currently has an average rating of "Hold" and a consensus price target of $27.00.

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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.

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