Oppenheimer & Co. Inc. Buys Shares of 35,747 Aris Water Solutions, Inc. (NYSE:ARIS)

Oppenheimer & Co. Inc. purchased a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,747 shares of the company's stock, valued at approximately $856,000. Oppenheimer & Co. Inc. owned about 0.06% of Aris Water Solutions as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Aris Water Solutions in the 3rd quarter worth $39,000. New York State Teachers Retirement System grew its holdings in Aris Water Solutions by 2,346.0% in 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. Janus Henderson Group PLC grew its holdings in Aris Water Solutions by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 40,596 shares of the company's stock worth $685,000 after acquiring an additional 2,663 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Aris Water Solutions by 10.4% in the 4th quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock worth $806,000 after acquiring an additional 3,179 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Aris Water Solutions by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after acquiring an additional 3,554 shares during the last quarter. Institutional investors own 39.71% of the company's stock.

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Insider Activity

In related news, major shareholder S Corp Gable sold 38,739 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now directly owns 3,111,738 shares in the company, valued at $77,886,802.14. The trade was a 1.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,159,678 shares of company stock worth $106,807,774. Insiders own 23.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ARIS. US Capital Advisors downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Wells Fargo & Company lifted 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. The Goldman Sachs Group lifted 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. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Finally, 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 report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $27.00.

Aris Water Solutions Stock Up 0.7 %

Shares of ARIS stock traded up $0.20 during trading hours on Friday, hitting $26.76. 619,612 shares of the company's stock traded hands, compared to its average volume of 481,974. The stock's fifty day simple moving average is $27.17 and its two-hundred day simple moving average is $22.60. Aris Water Solutions, Inc. has a 12-month low of $11.89 and a 12-month high of $32.56. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 33.44 and a beta of 1.88. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.09%. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. 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.