Ranger Investment Management L.P. Lowers Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Ranger Investment Management L.P. lessened its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,801,957 shares of the company's stock after selling 257,149 shares during the period. Aris Water Solutions accounts for 2.7% of Ranger Investment Management L.P.'s holdings, making the stock its 8th biggest position. Ranger Investment Management L.P. owned about 3.09% of Aris Water Solutions worth $43,157,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at approximately $29,663,000. Whittier Trust Co. raised its position in Aris Water Solutions by 70,079.1% during the fourth quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock valued at $8,370,000 after purchasing an additional 348,994 shares in the last quarter. NBW Capital LLC increased its stake in shares of Aris Water Solutions by 1,191.8% in the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company's stock valued at $6,307,000 after purchasing an additional 242,939 shares during the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in shares of Aris Water Solutions during the 4th quarter worth $5,492,000. Finally, JPMorgan Chase & Co. boosted its stake in Aris Water Solutions by 116.3% in the third 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 in the last quarter. 39.71% of the stock is owned by institutional investors.

Aris Water Solutions Trading Down 1.7 %

NYSE ARIS traded down $0.41 during trading hours on Monday, hitting $24.29. 249,972 shares of the company's stock were exchanged, compared to its average volume of 555,658. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 30.36 and a beta of 1.81. The stock has a 50-day simple moving average of $28.72 and a 200 day simple moving average of $25.04. 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, Inc. has a 1-year low of $13.24 and a 1-year high of $33.95.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.14 per share. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.31%. Aris Water Solutions's dividend payout ratio (DPR) is 70.00%.

Insider Activity

In related news, insider Nicholas A. Patterson sold 8,299 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. The trade was a 12.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. Insiders sold 1,070,604 shares of company stock worth $29,817,145 in the last quarter. 23.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ARIS has been the subject of a number of research reports. Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price target for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Citigroup reissued a "neutral" rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. 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 note on Friday, February 28th. StockNews.com downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, 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 research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.00.

Aris Water Solutions Company 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.