Wasatch Advisors LP Raises Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Wasatch Advisors LP raised its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 4.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 523,533 shares of the company's stock after purchasing an additional 23,594 shares during the period. Wasatch Advisors LP owned about 0.90% of Aris Water Solutions worth $8,832,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARIS. Martingale Asset Management L P boosted its position in shares of Aris Water Solutions by 81.0% in the 3rd quarter. Martingale Asset Management L P now owns 60,582 shares of the company's stock worth $1,022,000 after buying an additional 27,109 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Aris Water Solutions in the third quarter valued at about $10,828,000. Advisors Asset Management Inc. grew its position in shares of Aris Water Solutions by 53.0% in the third quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company's stock valued at $355,000 after purchasing an additional 7,281 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Aris Water Solutions in the third quarter valued at approximately $39,000. Finally, Principal Financial Group Inc. purchased a new position in shares of Aris Water Solutions during the 3rd quarter worth approximately $514,000. Institutional investors and hedge funds own 39.71% of the company's stock.

Insider Activity

In related news, Director Debra Coy sold 1,500 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the sale, the director now owns 42,082 shares of the company's stock, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.06% of the company's stock.

Analyst Ratings Changes

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

Aris Water Solutions Trading Up 0.1 %

Shares of ARIS traded up $0.04 during mid-day trading on Friday, hitting $26.90. The company had a trading volume of 126,600 shares, compared to its average volume of 566,368. Aris Water Solutions, Inc. has a 1-year low of $7.22 and a 1-year high of $27.90. The business's 50-day simple moving average is $19.84 and its 200-day simple moving average is $17.17. The stock has a market cap of $1.57 billion, a PE ratio of 33.63 and a beta of 1.62. 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 Dividend Announcement

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

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.