Bailard Inc. Buys New Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Bailard Inc. purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,700 shares of the company’s stock, valued at approximately $280,000.

Several other hedge funds also recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new stake in Aris Water Solutions during the third quarter worth about $39,000. 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 during the last quarter. Tidal Investments LLC acquired a new position in shares of Aris Water Solutions during the 3rd quarter worth approximately $252,000. SG Americas Securities LLC raised 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 in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Aris Water Solutions in the 3rd quarter valued at approximately $266,000. 39.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ARIS. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Stifel Nicolaus boosted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised their target price 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, February 28th. 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, Citigroup restated a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Aris Water Solutions currently has an average rating of “Hold” and a consensus price target of $27.00.

Aris Water Solutions Trading Down 0.3 %

Shares of Aris Water Solutions stock opened at $28.68 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a 50-day moving average of $27.02 and a 200-day moving average of $22.42. Aris Water Solutions, Inc. has a 52-week low of $11.32 and a 52-week high of $32.56. The stock has a market cap of $1.67 billion, a PE ratio of 35.85 and a beta of 1.94.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.14 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 1.95%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is currently 70.00%.

Insiders Place Their Bets

In related news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction of $969,637.17. Following the sale, the insider now directly owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,678 shares of company stock worth $106,807,774 in the last quarter. Corporate insiders own 23.06% of the company’s stock.

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.