Blair William & Co. IL Invests $347,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Blair William & Co. IL acquired a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 14,500 shares of the company’s stock, valued at approximately $347,000.

A number of other large investors also recently bought and sold shares of ARIS. JPMorgan Chase & Co. raised its stake in shares of Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after acquiring an additional 216,158 shares during the period. Barclays PLC increased its holdings in Aris Water Solutions by 277.0% in the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after purchasing an additional 25,790 shares during the last quarter. State Street Corp raised its position in Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after purchasing an additional 80,490 shares during the period. HighTower Advisors LLC lifted its stake in Aris Water Solutions by 66.2% during the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock worth $361,000 after purchasing an additional 8,499 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Aris Water Solutions during the third quarter worth $266,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Trading Down 12.3 %

NYSE ARIS opened at $25.28 on Friday. Aris Water Solutions, Inc. has a 52 week low of $12.44 and a 52 week high of $33.95. The firm has a 50 day moving average of $28.89 and a two-hundred day moving average of $24.59. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.48 billion, a PE ratio of 31.60 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is presently 70.00%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ARIS. The Goldman Sachs Group increased their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company increased their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. StockNews.com cut shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus increased their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Insider Activity at Aris Water Solutions

In related news, insider S Corp Gable sold 331,181 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $25.16, for a total value of $8,332,513.96. Following the completion of the transaction, the insider now directly owns 2,268,559 shares of the company’s stock, valued at $57,076,944.44. This represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas A. Patterson sold 8,299 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 1,401,785 shares of company stock valued at $38,149,659 over the last quarter. 23.06% of the stock is owned by insiders.

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.