Price T Rowe Associates Inc. MD Raises Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Price T Rowe Associates Inc. MD raised its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,658 shares of the company's stock after acquiring an additional 16,902 shares during the period. Price T Rowe Associates Inc. MD owned about 0.20% of Aris Water Solutions worth $2,747,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on ARIS. StockNews.com raised shares of Aris Water Solutions from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Wells Fargo & Company reduced their price objective on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday. 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 note on Thursday. Finally, Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price target for the stock from $25.00 to $27.00 in a 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.00.

Insider Buying and Selling at Aris Water Solutions

In related 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 transaction of $27,700,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares of the company's stock, valued at $1,781,776.80. The trade was a 12.47% decrease in their position. 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 over the last three months. Company insiders own 37.84% of the company's stock.

Aris Water Solutions Price Performance

NYSE ARIS traded up $1.28 during trading hours on Monday, reaching $22.82. 113,680 shares of the stock traded hands, compared to its average volume of 576,193. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a 50 day simple moving average of $27.38 and a two-hundred day simple moving average of $26.16. Aris Water Solutions, Inc. has a 1 year low of $13.34 and a 1 year high of $33.95. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 28.40 and a beta of 1.85.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its earnings results 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. The business had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. On average, analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.45%. The ex-dividend date is Thursday, June 5th. Aris Water Solutions's dividend payout ratio is presently 68.29%.

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.