NBW Capital LLC Has $6.31 Million Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

NBW Capital LLC increased its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 1,191.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 263,324 shares of the company’s stock after buying an additional 242,939 shares during the quarter. NBW Capital LLC’s holdings in Aris Water Solutions were worth $6,307,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions in the 4th quarter valued at approximately $33,000. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions in the 3rd quarter valued at approximately $39,000. New York State Teachers Retirement System increased its position in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after acquiring an additional 2,346 shares during the period. Tidal Investments LLC acquired a new position in Aris Water Solutions in the 3rd quarter valued at approximately $252,000. Finally, SG Americas Securities LLC increased its position in Aris Water Solutions by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock valued at $262,000 after acquiring an additional 3,554 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were 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 through the SEC website. Also, major shareholder S Corp Gable sold 38,739 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the completion of the transaction, the insider now directly owns 3,111,738 shares in the company, valued at $77,886,802.14. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,678 shares of company stock valued at $106,807,774 over the last ninety days. 23.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on ARIS. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Wells Fargo & Company upped their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.00.

Aris Water Solutions Stock Down 3.9 %

Shares of NYSE ARIS opened at $30.23 on Tuesday. The firm has a market cap of $1.76 billion, a PE ratio of 37.79 and a beta of 1.94. Aris Water Solutions, Inc. has a 12-month low of $11.32 and a 12-month high of $32.56. The company’s fifty day simple moving average is $26.96 and its 200 day simple moving average is $22.33. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.85%. Aris Water Solutions’s dividend payout ratio is currently 70.00%.

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.