Ameriprise Financial Inc. Purchases 81,413 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Ameriprise Financial Inc. raised its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,723,172 shares of the company's stock after purchasing an additional 81,413 shares during the quarter. Ameriprise Financial Inc. owned 4.68% of Aris Water Solutions worth $65,218,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new stake in Aris Water Solutions in the fourth quarter valued at about $27,000. Larson Financial Group LLC acquired a new stake in Aris Water Solutions in the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in Aris Water Solutions in the fourth quarter worth approximately $33,000. Meeder Asset Management Inc. lifted its position in Aris Water Solutions by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock worth $97,000 after purchasing an additional 1,726 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Aris Water Solutions by 38.1% during the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after acquiring an additional 1,594 shares during the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ARIS shares. The Goldman Sachs Group cut their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. StockNews.com downgraded Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Tuesday. Wells Fargo & Company reduced their target price on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their target price for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Aris Water Solutions in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $26.00.

Insider Buying and Selling

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the sale, the insider now owns 58,228 shares in the company, valued at approximately $1,781,776.80. This trade represents a 12.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,070,604 shares of company stock valued at $29,817,145 over the last three months. Company insiders own 37.84% of the company's stock.

Aris Water Solutions Stock Down 1.0%

Shares of NYSE ARIS traded down $0.25 during mid-day trading on Thursday, reaching $23.41. The company had a trading volume of 124,154 shares, compared to its average volume of 579,129. 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 stock has a market capitalization of $1.37 billion, a PE ratio of 29.26 and a beta of 1.85. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95. The stock's 50 day moving average is $27.17 and its 200-day moving average is $26.19.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. The business had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. As a group, equities analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.39%. Aris Water Solutions's dividend payout ratio (DPR) is presently 68.29%.

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.