Moors & Cabot Inc. Invests $352,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Moors & Cabot Inc. acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,700 shares of the company's stock, valued at approximately $352,000.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings 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 buying an additional 216,158 shares during the period. Barclays PLC raised its holdings in Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company's stock valued at $592,000 after buying an additional 25,790 shares during the period. State Street Corp raised its holdings 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 buying an additional 80,490 shares during the period. HighTower Advisors LLC raised its holdings in Aris Water Solutions by 66.2% during the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company's stock valued at $361,000 after buying an additional 8,499 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Aris Water Solutions during the 3rd quarter valued at $266,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Aris Water Solutions

In related news, insider Nicholas A. Patterson sold 8,299 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the sale, the insider now owns 58,228 shares of the company's stock, valued at $1,781,776.80. This trade represents a 12.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Corp Gable sold 316,408 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $25.28, for a total value of $7,998,794.24. Following the completion of the sale, the insider now owns 2,634,791 shares of the company's stock, valued at approximately $66,607,516.48. This trade represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 910,142 shares of company stock valued at $23,277,332 over the last quarter. 23.06% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ARIS shares. Stifel Nicolaus increased their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group upped their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company upped their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $27.00.

Aris Water Solutions Stock Up 8.4 %

Shares of ARIS traded up $2.48 during midday trading on Wednesday, reaching $31.95. 1,247,411 shares of the stock were exchanged, compared to its average volume of 499,230. Aris Water Solutions, Inc. has a 52 week low of $12.44 and a 52 week high of $32.56. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $27.87 and its two-hundred day moving average is $23.27. The company has a market capitalization of $1.87 billion, a P/E ratio of 39.94 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 1.75%. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio (DPR) 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.