Horizon Kinetics Asset Management LLC Invests $5.49 Million in Aris Water Solutions, Inc. (NYSE:ARIS)

Horizon Kinetics Asset Management LLC acquired a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 229,308 shares of the company's stock, valued at approximately $5,492,000. Horizon Kinetics Asset Management LLC owned 0.39% of Aris Water Solutions at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Aris Water Solutions during the 4th quarter worth $29,663,000. Eagle Asset Management Inc. acquired a new position in shares of Aris Water Solutions during the third quarter worth about $10,828,000. NBW Capital LLC boosted its position in shares of Aris Water Solutions by 1,191.8% in the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company's stock worth $6,307,000 after buying an additional 242,939 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Aris Water Solutions by 116.3% in the third 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. Finally, State Street Corp raised its holdings in shares of Aris Water Solutions by 13.8% during the 3rd 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 period. 39.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARIS. Stifel Nicolaus upped 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. Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group boosted 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 raised their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Finally, US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $27.00.

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Aris Water Solutions Price Performance

Aris Water Solutions stock traded down $0.10 during midday trading on Friday, hitting $31.93. The company's stock had a trading volume of 1,194,917 shares, compared to its average volume of 506,275. Aris Water Solutions, Inc. has a 12 month low of $12.44 and a 12 month high of $32.72. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.87 billion, a PE ratio of 39.91 and a beta of 1.88. The stock's 50-day moving average price is $28.21 and its 200-day moving average price is $23.39.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.14 dividend. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, March 13th. Aris Water Solutions's payout ratio is presently 70.00%.

Insider Activity at Aris Water Solutions

In related news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider S Corp Gable sold 31,410 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $25.04, for a total value of $786,506.40. Following the sale, the insider now owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. The trade was a 1.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,910,142 shares of company stock valued at $50,977,332 over the last ninety days. Insiders own 23.06% of the company's stock.

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.