Sequoia Financial Advisors LLC Purchases New Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Sequoia Financial Advisors LLC bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 11,120 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions during the 4th quarter worth $33,000. Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions during the 3rd quarter worth $39,000. SG Americas Securities LLC lifted its stake in shares of Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after purchasing an additional 3,554 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Aris Water Solutions during the 4th quarter worth $279,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analysts Set New Price Targets

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

Aris Water Solutions Stock Performance

Shares of NYSE ARIS opened at $31.95 on Thursday. The firm’s 50-day moving average price is $28.03 and its two-hundred day moving average price is $23.33. Aris Water Solutions, Inc. has a 52-week low of $12.44 and a 52-week high of $32.56. The stock has a market capitalization of $1.87 billion, a P/E ratio of 39.94 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 company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.14 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 1.75%. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio (DPR) is presently 70.00%.

Insider Buying and Selling at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 160,539 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $25.18, for a total value of $4,042,372.02. Following the completion of the transaction, the insider now owns 2,951,199 shares of the company’s stock, valued at approximately $74,311,190.82. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Brunt David Dylan Van sold 32,305 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total transaction of $973,995.75. Following the sale, the chief operating officer now directly owns 85,656 shares of the company’s stock, valued at $2,582,528.40. This trade represents a 27.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,910,142 shares of company stock worth $50,977,332. 23.06% of the stock is owned by company insiders.

Aris Water Solutions 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.