Kayne Anderson Capital Advisors LP Cuts Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Kayne Anderson Capital Advisors LP trimmed its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 11.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 797,786 shares of the company's stock after selling 98,784 shares during the quarter. Aris Water Solutions comprises approximately 0.3% of Kayne Anderson Capital Advisors LP's holdings, making the stock its 25th biggest position. Kayne Anderson Capital Advisors LP owned about 1.37% of Aris Water Solutions worth $13,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company's stock valued at $691,000 after acquiring an additional 758 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Aris Water Solutions during the 2nd quarter valued at approximately $27,000. Kings Path Partners LLC increased its stake in Aris Water Solutions by 2.6% in the 3rd quarter. Kings Path Partners LLC now owns 67,234 shares of the company's stock worth $1,134,000 after acquiring an additional 1,735 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Aris Water Solutions by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company's stock worth $313,000 after acquiring an additional 1,902 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Aris Water Solutions by 3.3% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 73,471 shares of the company's stock valued at $1,151,000 after acquiring an additional 2,328 shares during the last quarter. Institutional investors own 39.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ARIS. US Capital Advisors raised shares of Aris Water Solutions from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. Stifel Nicolaus upped their target price on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Evercore ISI lifted their price target on Aris Water Solutions from $20.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Aris Water Solutions from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their target price on Aris Water Solutions from $18.50 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.50.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the sale, the director now directly owns 42,082 shares of the company's stock, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 23.06% of the company's stock.

Aris Water Solutions Trading Up 3.1 %

Shares of ARIS traded up $0.75 during mid-day trading on Monday, reaching $24.68. 326,431 shares of the company's stock traded hands, compared to its average volume of 362,554. Aris Water Solutions, Inc. has a 12 month low of $7.22 and a 12 month high of $26.34. 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 cap of $1.44 billion, a P/E ratio of 30.85 and a beta of 1.62. The stock's 50-day moving average is $17.96 and its two-hundred day moving average is $16.50.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.70%. Aris Water Solutions's payout ratio is 52.50%.

Aris Water Solutions 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.