Ameriprise Financial Inc. Has $65.22 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Aris Water Solutions in the 4th quarter valued at about $29,663,000. Whittier Trust Co. lifted its holdings in shares of Aris Water Solutions by 70,079.1% during the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock worth $8,370,000 after acquiring an additional 348,994 shares during the last quarter. NBW Capital LLC lifted its holdings in shares of Aris Water Solutions by 1,191.8% during the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company's stock worth $6,307,000 after acquiring an additional 242,939 shares during the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in shares of Aris Water Solutions during the 4th quarter worth $5,492,000. Finally, JPMorgan Chase & Co. raised its position in Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock worth $6,783,000 after purchasing an additional 216,158 shares during the period. Institutional investors own 39.71% of the company's stock.

Insider Activity

In other Aris Water Solutions news, insider Nicholas A. Patterson sold 8,299 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm'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 disclosure for this sale can be found here. Over the last three months, insiders sold 1,070,604 shares of company stock valued at $29,817,145. 37.84% of the stock is owned by company insiders.

Aris Water Solutions Stock Up 2.7%

Shares of NYSE ARIS traded up $0.63 during trading on Tuesday, reaching $24.31. 801,697 shares of the stock were exchanged, compared to its average volume of 580,354. 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, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95. The business's 50-day moving average price is $27.28 and its 200 day moving average price is $26.22. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 30.39 and a beta of 1.85.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share (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 firm had revenue of $120.49 million for the quarter, compared to the consensus estimate of $115.72 million. As a group, equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.30%. Aris Water Solutions's dividend payout ratio is 68.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ARIS shares. Wells Fargo & Company dropped their price target on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group reduced their price objective on shares of 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 raised shares of Aris Water Solutions from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.00.

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.