Kings Path Partners LLC Sells 21,754 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Kings Path Partners LLC reduced its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,480 shares of the company's stock after selling 21,754 shares during the period. Kings Path Partners LLC owned approximately 0.08% of Aris Water Solutions worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rhumbline Advisers boosted its position in Aris Water Solutions by 1.7% in the second quarter. Rhumbline Advisers now owns 44,083 shares of the company's stock valued at $691,000 after buying an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Aris Water Solutions in the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of Aris Water Solutions in the 3rd quarter worth approximately $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 acquiring an additional 2,346 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in Aris Water Solutions by 11.0% during the 3rd quarter. Inspire Investing LLC now owns 24,518 shares of the company's stock valued at $414,000 after purchasing an additional 2,434 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Trading Up 1.3 %

Shares of ARIS traded up $0.31 on Monday, reaching $25.00. 1,717,775 shares of the company's stock were exchanged, compared to its average volume of 919,658. The business has a 50 day moving average price of $24.24 and a two-hundred day moving average price of $19.01. Aris Water Solutions, Inc. has a 12 month low of $7.74 and a 12 month high of $27.94. The stock has a market capitalization of $1.46 billion, a P/E ratio of 31.25 and a beta of 1.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.68%. Aris Water Solutions's dividend payout ratio is presently 52.50%.

Insider Buying and Selling 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 dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the transaction, the director now directly owns 42,082 shares in the company, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder S Corp Gable sold 57,731 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.55, for a total value 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 trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 574,917 shares of company stock valued at $14,523,915. 23.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on Aris Water Solutions from $21.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Evercore ISI increased their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and raised their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Stifel Nicolaus upped their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Aris Water Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.83.

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.