State Street Corp Raises Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

State Street Corp boosted its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 13.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 662,324 shares of the company's stock after buying an additional 80,490 shares during the period. State Street Corp owned approximately 1.14% of Aris Water Solutions worth $11,173,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ARIS. Eagle Asset Management Inc. bought a new position in Aris Water Solutions in the third quarter valued at about $10,828,000. American Century Companies Inc. lifted its stake in Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company's stock valued at $7,644,000 after purchasing an additional 284,788 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company's stock valued at $8,836,000 after buying an additional 139,259 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Aris Water Solutions by 988.8% in the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company's stock valued at $2,327,000 after buying an additional 125,281 shares in the last quarter. Finally, Nicholas Investment Partners LP bought a new stake in shares of Aris Water Solutions during the second quarter worth $1,703,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 57,731 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the transaction, the insider now directly owns 3,165,939 shares of the company's stock, valued at approximately $80,889,741.45. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the 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 completion of the transaction, the director now directly owns 42,082 shares of the company's stock, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 97,970 shares of company stock worth $2,482,749. 23.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ARIS shares. The Goldman Sachs Group increased their target price 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. Evercore ISI raised their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. US Capital Advisors lowered shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Wells Fargo & Company raised their price target on shares of Aris Water Solutions from $21.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.83.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS traded up $0.10 during midday trading on Thursday, reaching $25.34. 707,961 shares of the company traded hands, compared to its average volume of 369,576. The firm's fifty day moving average price is $23.02 and its two-hundred day moving average price is $18.47. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 31.68 and a beta of 1.91. 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 12 month low of $7.74 and a 12 month high of $27.94.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions's dividend payout ratio (DPR) is currently 52.50%.

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.