Barclays PLC Acquires 25,790 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Barclays PLC increased its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 277.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,102 shares of the company's stock after buying an additional 25,790 shares during the quarter. Barclays PLC owned about 0.06% of Aris Water Solutions worth $592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARIS. State Street Corp grew its holdings in shares of Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company's stock valued at $11,173,000 after buying an additional 80,490 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Aris Water Solutions by 66.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company's stock worth $361,000 after acquiring an additional 8,499 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company's stock worth $7,644,000 after acquiring an additional 284,788 shares during the last quarter. International Assets Investment Management LLC bought a new position in Aris Water Solutions in the 3rd quarter valued at about $2,080,000. Finally, Martingale Asset Management L P boosted its stake in Aris Water Solutions by 81.0% during the 3rd quarter. Martingale Asset Management L P now owns 60,582 shares of the company's stock valued at $1,022,000 after purchasing an additional 27,109 shares during the last quarter. Institutional investors own 39.71% of the company's stock.

Insider Transactions at Aris Water Solutions

In related news, Director Debra Coy sold 1,500 shares of Aris Water Solutions 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 sale, the director now owns 42,082 shares of the company's stock, valued at approximately $1,068,461.98. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now owns 3,111,738 shares of the company's stock, valued at approximately $77,886,802.14. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 937,508 shares of company stock worth $23,642,936 in the last quarter. Insiders own 22.46% of the company's stock.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS traded up $1.08 during midday trading on Friday, reaching $29.72. The company had a trading volume of 2,364,290 shares, compared to its average volume of 1,149,226. The stock has a market cap of $1.73 billion, a P/E ratio of 37.15 and a beta of 1.94. The company's 50 day moving average price is $25.45 and its 200 day moving average price is $19.56. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 52-week low of $7.74 and a 52-week high of $30.16.

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions's dividend payout ratio is currently 52.50%.

Analysts Set New Price Targets

ARIS has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded Aris Water Solutions from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Wells Fargo & Company increased their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Citigroup reiterated a "neutral" rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their price target for the company from $25.00 to $27.00 in a research report on Wednesday. Finally, Stifel Nicolaus boosted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. 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 stock has an average rating of "Hold" and an average target price of $26.50.

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.