Aris Water Solutions, Inc. (NYSE:ARIS) Shares Purchased by Price T Rowe Associates Inc. MD

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

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company's stock valued at $592,000 after buying an additional 25,790 shares during the last quarter. Tidal Investments LLC purchased a new position in Aris Water Solutions during the 3rd quarter valued at $252,000. JPMorgan Chase & Co. boosted 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 valued at $6,783,000 after buying an additional 216,158 shares during the period. SG Americas Securities LLC grew its stake in Aris Water Solutions by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after purchasing an additional 3,554 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Aris Water Solutions during the fourth quarter valued at $279,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Performance

Aris Water Solutions stock traded up $0.98 during midday trading on Friday, hitting $21.79. 735,572 shares of the company were exchanged, compared to its average volume of 577,974. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The firm has a market capitalization of $1.27 billion, a PE ratio of 27.24 and a beta of 1.85. The business has a fifty day simple moving average of $27.38 and a two-hundred day simple moving average of $26.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. The firm had revenue of $120.49 million during the quarter, compared to analyst estimates of $115.72 million. On average, sell-side analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions's payout ratio is currently 68.29%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ARIS. Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their target price for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. The Goldman Sachs Group reduced their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Aris Water Solutions from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company reduced their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.00.

Insider Activity

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction dated Monday, March 17th. The shares were 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 accessible through the SEC website. Also, CFO Stephan E. Tompsett sold 20,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer now owns 140,509 shares of the company's stock, valued at approximately $4,215,270. This trade represents a 12.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,070,604 shares of company stock worth $29,817,145 in the last ninety days. Company insiders own 37.84% of the company's stock.

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.