Emerald Advisers LLC Reduces Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Emerald Advisers LLC reduced its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 40.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,169 shares of the company's stock after selling 11,647 shares during the quarter. Emerald Advisers LLC's holdings in Aris Water Solutions were worth $411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ARIS. Larson Financial Group LLC purchased a new position in shares of Aris Water Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new stake in Aris Water Solutions during the 4th quarter worth approximately $33,000. Intech Investment Management LLC bought a new stake in Aris Water Solutions during the 4th quarter worth approximately $237,000. Tidal Investments LLC purchased a new position in Aris Water Solutions during the third quarter valued at approximately $252,000. Finally, SG Americas Securities LLC boosted its position in shares of Aris Water Solutions by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after purchasing an additional 3,554 shares during the period. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ARIS. Stifel Nicolaus lifted 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. Wells Fargo & Company raised their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Citigroup reaffirmed a "neutral" rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. The Goldman Sachs Group lifted their target price on 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, Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Aris Water Solutions presently has an average rating of "Hold" and an average price target of $27.00.

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Aris Water Solutions Price Performance

NYSE:ARIS traded down $1.39 during trading hours on Friday, reaching $31.68. The stock had a trading volume of 922,066 shares, compared to its average volume of 530,476. The stock has a market capitalization of $1.85 billion, a PE ratio of 39.60 and a beta of 1.88. Aris Water Solutions, Inc. has a 52 week low of $12.44 and a 52 week high of $33.95. The company has a 50 day moving average price of $28.78 and a two-hundred day moving average price of $24.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's payout ratio is currently 70.00%.

Insider Activity at Aris Water Solutions

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction on Thursday, March 13th. The stock was 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 in the company, valued at approximately $1,296,396.84. This represents a 18.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 1,433,195 shares of company stock valued at $38,936,166 over the last 90 days. 22.46% of the stock is owned by corporate insiders.

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.