Fmr LLC Trims Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

FMR LLC lessened its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 99.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,540 shares of the company's stock after selling 239,797 shares during the period. FMR LLC's holdings in Aris Water Solutions were worth $26,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Aris Water Solutions in the second quarter valued at about $27,000. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions during the third quarter worth $39,000. New York State Teachers Retirement System boosted its position in Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock valued at $41,000 after purchasing an additional 2,346 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Aris Water Solutions in the second quarter valued at about $82,000. Finally, International Assets Investment Management LLC bought a new position in Aris Water Solutions in the third quarter worth about $2,080,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stifel Nicolaus increased 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. US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on 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, Wells Fargo & Company boosted their price target 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.83.

Insider Buying and Selling

In other news, Director Debra Coy sold 1,500 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the completion of the sale, the insider now owns 3,111,738 shares of the company's stock, 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 three months, insiders sold 97,970 shares of company stock worth $2,482,749. Company insiders own 23.06% of the company's stock.

Aris Water Solutions Price Performance

ARIS stock traded up $0.10 during trading on Thursday, hitting $25.34. The stock had a trading volume of 707,961 shares, compared to its average volume of 369,576. The company's 50-day moving average price is $23.02 and its two-hundred day moving average price is $18.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market capitalization of $1.48 billion, a P/E ratio of 31.68 and a beta of 1.91. Aris Water Solutions, Inc. has a twelve month low of $7.74 and a twelve month high of $27.94.

Aris Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions's dividend payout ratio is presently 52.50%.

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.