Jackson Creek Investment Advisors LLC Takes $1.52 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Jackson Creek Investment Advisors LLC purchased a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,600 shares of the company's stock, valued at approximately $1,523,000. Jackson Creek Investment Advisors LLC owned approximately 0.11% of Aris Water Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Aris Water Solutions in the fourth quarter worth about $29,663,000. Eagle Asset Management Inc. acquired a new position in Aris Water Solutions in the 3rd quarter worth approximately $10,828,000. NBW Capital LLC grew its position in Aris Water Solutions by 1,191.8% during the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company's stock worth $6,307,000 after purchasing an additional 242,939 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after purchasing an additional 216,158 shares during the period. Finally, State Street Corp raised its stake in 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 purchasing an additional 80,490 shares during the period. Institutional investors and hedge funds own 39.71% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup reiterated a "neutral" rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Wells Fargo & Company lifted 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. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions has an average rating of "Hold" and a consensus price target of $27.00.

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Insider Buying and Selling

In related news, major shareholder S Corp Gable sold 38,739 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 3,111,738 shares in the company, valued at $77,886,802.14. This represents a 1.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,159,678 shares of company stock valued at $106,807,774. Insiders own 23.06% of the company's stock.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS traded up $2.58 during trading on Tuesday, reaching $30.62. The stock had a trading volume of 1,205,314 shares, compared to its average volume of 487,650. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 38.27 and a beta of 1.88. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 52 week low of $11.89 and a 52 week high of $32.56. The stock has a fifty day simple moving average of $27.24 and a two-hundred day simple moving average of $22.73.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change 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 1.83%. Aris Water Solutions's payout ratio is presently 70.00%.

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.