Aris Water Solutions, Inc. (NYSE:ARIS) Shares Sold by Blackstone Inc.

Blackstone Inc. trimmed its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 94.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,986 shares of the company's stock after selling 196,869 shares during the period. Blackstone Inc.'s holdings in Aris Water Solutions were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Aris Water Solutions Price Performance

ARIS traded up $0.98 during midday trading on Friday, hitting $21.79. 735,572 shares of the company traded hands, compared to its average volume of 577,974. The business has a 50 day simple moving average of $27.38 and a two-hundred day simple moving average of $26.09. Aris Water Solutions, Inc. has a 52-week low of $13.34 and a 52-week high of $33.95. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 27.24 and a beta of 1.85. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last issued its quarterly 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. The firm had revenue of $120.49 million during the quarter, compared to analysts' expectations of $115.72 million. Aris Water Solutions had a return on equity of 3.74% and a net margin of 6.29%. On average, equities analysts forecast that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ARIS shares. Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their target price for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. 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 note 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, The Goldman Sachs Group decreased their price target on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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 stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 completion of the transaction, the insider now directly owns 58,228 shares of the company's stock, valued at $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 have sold 1,070,604 shares of company stock worth $29,817,145 over the last quarter. 37.84% of the stock is currently owned by company insiders.

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.