Aquatic Capital Management LLC Acquires New Shares in Aris Water Solutions, Inc. (NYSE:ARIS)

Aquatic Capital Management LLC bought a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,506 shares of the company's stock, valued at approximately $395,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in Aris Water Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $33,000. Meeder Asset Management Inc. lifted its holdings in shares of Aris Water Solutions by 74.5% in the 4th 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 in the last quarter. Legal & General Group Plc grew its position in Aris Water Solutions by 38.1% in the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after purchasing an additional 1,594 shares during the period. Finally, Harvest Investment Services LLC bought a new stake in Aris Water Solutions during the 4th quarter valued at $231,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 32,305 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total value of $973,995.75. Following the sale, the chief operating officer now directly owns 85,656 shares in the company, valued at approximately $2,582,528.40. The trade was a 27.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the sale, the chief accounting officer now directly owns 44,827 shares in the company, valued at approximately $1,296,396.84. This trade represents a 18.24 % 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 worth $29,817,145 in the last quarter. Insiders own 23.06% of the company's stock.

Analyst Ratings Changes

ARIS has been the subject of several recent research reports. StockNews.com raised shares of Aris Water Solutions from a "sell" rating to a "hold" rating in a research report on Monday. Wells Fargo & Company boosted their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised 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 and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions presently has an average rating of "Hold" and an average target price of $27.00.

Aris Water Solutions Stock Performance

ARIS stock traded down $0.00 during midday trading on Tuesday, hitting $25.52. The company's stock had a trading volume of 449,204 shares, compared to its average volume of 572,475. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 31.90 and a beta of 1.85. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock's 50-day moving average price is $28.05 and its 200 day moving average price is $25.99. Aris Water Solutions, Inc. has a 1 year low of $13.34 and a 1 year high of $33.95.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, hitting analysts' consensus estimates of $0.25. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. On average, equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.14 per share. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, March 13th. Aris Water Solutions's dividend payout ratio is currently 70.00%.

Aris Water Solutions 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.