Martingale Asset Management L P Has $1.02 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Martingale Asset Management L P boosted its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 81.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,582 shares of the company's stock after purchasing an additional 27,109 shares during the quarter. Martingale Asset Management L P owned about 0.10% of Aris Water Solutions worth $1,022,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Aris Water Solutions by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company's stock valued at $313,000 after acquiring an additional 1,902 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Aris Water Solutions during the 1st quarter worth about $338,000. Quent Capital LLC bought a new stake in shares of Aris Water Solutions in the 2nd quarter valued at about $251,000. SG Americas Securities LLC raised its holdings in Aris Water Solutions by 136.3% in the 2nd quarter. SG Americas Securities LLC now owns 24,244 shares of the company's stock valued at $380,000 after acquiring an additional 13,982 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Aris Water Solutions during the 2nd quarter worth approximately $554,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARIS has been the subject of a number of analyst reports. Evercore ISI lifted their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on shares of Aris Water Solutions from $18.50 to $21.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price objective on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.50.

Aris Water Solutions Stock Down 0.2 %

Aris Water Solutions stock traded down $0.05 during midday trading on Monday, reaching $26.85. The company's stock had a trading volume of 341,356 shares, compared to its average volume of 363,752. The business has a 50-day simple moving average of $19.84 and a 200-day simple moving average of $17.17. 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 fifty-two week low of $7.22 and a fifty-two week high of $27.90. The company has a market cap of $1.56 billion, a P/E ratio of 34.38 and a beta of 1.62.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.56%. Aris Water Solutions's dividend payout ratio (DPR) is 52.50%.

Insider Activity

In related news, Director Debra Coy sold 1,500 shares of the company's 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 sale, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.06% of the company's stock.

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.