Kings Path Partners LLC Has $1.09 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Kings Path Partners LLC lessened its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 32.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,480 shares of the company’s stock after selling 21,754 shares during the period. Kings Path Partners LLC owned 0.08% of Aris Water Solutions worth $1,089,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ARIS. Rhumbline Advisers increased its position in shares of Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after buying an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions during the second quarter worth about $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Aris Water Solutions during the third quarter worth about $39,000. New York State Teachers Retirement System lifted its holdings 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 valued at $41,000 after purchasing an additional 2,346 shares in the last quarter. Finally, Inspire Investing LLC grew its position in shares of Aris Water Solutions by 11.0% in the 3rd quarter. Inspire Investing LLC now owns 24,518 shares of the company’s stock valued at $414,000 after purchasing an additional 2,434 shares during the period. Institutional investors own 39.71% of the company’s stock.

Insider Activity

In other news, major shareholder S Corp Gable sold 316,408 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $25.28, for a total transaction of $7,998,794.24. Following the completion of the sale, the insider now owns 2,634,791 shares in the company, valued at $66,607,516.48. The trade was a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Debra Coy sold 1,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the transaction, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This trade represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 574,917 shares of company stock valued at $14,523,915 over the last three months. Insiders own 23.06% of the company’s stock.

Aris Water Solutions Stock Up 0.8 %

ARIS traded up $0.19 on Monday, hitting $24.88. 1,087,100 shares of the company were exchanged, compared to its average volume of 703,512. The stock’s fifty day moving average is $24.04 and its 200-day moving average is $18.94. Aris Water Solutions, Inc. has a 12 month low of $7.74 and a 12 month high of $27.94. 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 company has a market cap of $1.45 billion, a PE ratio of 31.10 and a beta of 1.94.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.69%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARIS. Evercore ISI lifted their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $24.83.

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.