Fox Run Management L.L.C. Buys 8,221 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Fox Run Management L.L.C. grew its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 66.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,503 shares of the company's stock after purchasing an additional 8,221 shares during the quarter. Fox Run Management L.L.C.'s holdings in Aris Water Solutions were worth $491,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Aris Water Solutions during the fourth quarter worth $29,663,000. State Street Corp raised 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 purchasing an additional 80,490 shares during the period. Geode Capital Management LLC boosted its position in shares of Aris Water Solutions by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock worth $10,450,000 after purchasing an additional 18,304 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Aris Water Solutions by 4.7% in the 3rd quarter. Wasatch Advisors LP now owns 523,533 shares of the company's stock valued at $8,832,000 after buying an additional 23,594 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after buying an additional 216,158 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, insider S Corp Gable sold 31,410 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $25.04, for a total transaction of $786,506.40. Following the completion of the transaction, the insider now owns 2,599,740 shares in the company, valued at $65,097,489.60. This trade represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were 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. In the last 90 days, insiders sold 1,433,195 shares of company stock worth $38,936,166. Insiders own 22.46% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ARIS shares. Stifel Nicolaus increased their price target on Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Citigroup reissued a "neutral" rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. The Goldman Sachs Group upped their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and boosted their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.00.

Aris Water Solutions Stock Down 4.2 %

Shares of NYSE ARIS traded down $1.39 during trading on Friday, hitting $31.68. The stock had a trading volume of 922,066 shares, compared to its average volume of 530,476. The firm has a fifty day moving average of $28.78 and a two-hundred day moving average of $24.14. The company has a market capitalization of $1.85 billion, a PE ratio of 39.60 and a beta of 1.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions, Inc. has a 12 month low of $12.44 and a 12 month high of $33.95.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.77%. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 13th. Aris Water Solutions's dividend payout ratio is presently 70.00%.

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.