Los Angeles Capital Management LLC Sells 15,000 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Los Angeles Capital Management LLC lowered its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 15.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,756 shares of the company’s stock after selling 15,000 shares during the quarter. Los Angeles Capital Management LLC owned 0.14% of Aris Water Solutions worth $1,934,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ARIS. International Assets Investment Management LLC acquired a new position in Aris Water Solutions during the third quarter worth $2,080,000. New York State Teachers Retirement System increased its position in shares of Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares in the last quarter. Principal Financial Group Inc. bought a new position in Aris Water Solutions during the 3rd quarter valued at about $514,000. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions in the third quarter valued at about $39,000. Finally, Advisors Asset Management Inc. grew its stake in Aris Water Solutions by 53.0% during the third quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company’s stock worth $355,000 after buying an additional 7,281 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Insider Activity

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $25.81, for a total value of $83,202,922.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the transaction, the insider now owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,159,678 shares of company stock valued at $106,807,774. 22.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company upped 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. 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 Trading Up 1.9 %

Shares of ARIS opened at $31.56 on Friday. The stock’s fifty day simple moving average is $26.84 and its 200-day simple moving average is $22.14. The firm has a market capitalization of $1.84 billion, a PE ratio of 39.46 and a beta of 1.94. Aris Water Solutions, Inc. has a 12-month low of $10.56 and a 12-month high of $32.00. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a yield of 1.77%. Aris Water Solutions’s dividend payout ratio is presently 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.