Aris Water Solutions, Inc. (NYSE:ARIS) Stock Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 116.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 402,093 shares of the company's stock after purchasing an additional 216,158 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.69% of Aris Water Solutions worth $6,783,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions during the 3rd quarter worth $39,000. New York State Teachers Retirement System grew its position in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock worth $41,000 after purchasing an additional 2,346 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Aris Water Solutions in the second quarter valued at $82,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Aris Water Solutions during the third quarter worth about $2,080,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 57,731 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the completion of the sale, the insider now owns 3,165,939 shares of the company's stock, valued at $80,889,741.45. This represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Debra Coy sold 1,500 shares of Aris Water Solutions 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 completion of the transaction, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 937,508 shares of company stock valued at $23,642,936 over the last 90 days. 22.46% of the stock is owned by corporate insiders.

Aris Water Solutions Trading Down 0.7 %

ARIS stock traded down $0.22 during midday trading on Thursday, reaching $28.67. 1,629,121 shares of the company's stock traded hands, compared to its average volume of 1,027,701. 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 fifty-two week low of $7.74 and a fifty-two week high of $29.90. The business has a 50-day moving average price of $25.32 and a two-hundred day moving average price of $19.50. The company has a market capitalization of $1.67 billion, a P/E ratio of 35.83 and a beta of 1.94.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.47%. Aris Water Solutions's dividend payout ratio (DPR) is currently 52.50%.

Analysts Set New Price Targets

Several analysts have commented on the company. Citigroup reaffirmed a "neutral" rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company upped their price target on shares of Aris Water Solutions from $21.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. US Capital Advisors lowered shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. lowered Aris Water Solutions from an "overweight" rating to a "neutral" rating and upped their target price for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price target 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 assigned a buy rating to the stock. According to MarketBeat, Aris Water Solutions has a consensus rating of "Hold" and an average target price of $26.50.

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.