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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Aris Water Solutions in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new stake 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 in the fourth quarter worth $33,000. Meeder Asset Management Inc. increased its position in shares of Aris Water Solutions by 74.5% during the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock worth $97,000 after acquiring an additional 1,726 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Aris Water Solutions by 38.1% in the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after acquiring an additional 1,594 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Insiders Place Their Bets

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now owns 44,827 shares of the company's stock, valued at $1,296,396.84. This trade represents a 18.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were 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. Insiders have sold a total of 1,070,604 shares of company stock valued at $29,817,145 over the last quarter. Company insiders own 23.06% of the company's stock.

Aris Water Solutions Stock Up 4.7 %

ARIS stock traded up $0.98 during midday trading on Friday, reaching $21.79. 735,572 shares of the company were exchanged, compared to its average volume of 578,726. The stock's 50-day simple moving average is $27.38 and its 200 day simple moving average is $26.01. Aris Water Solutions, Inc. has a 1-year low of $13.34 and a 1-year high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 27.24 and a beta of 1.85.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates 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 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 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.57%. Aris Water Solutions's dividend payout ratio is presently 70.00%.

Analyst Upgrades and Downgrades

ARIS has been the subject of several analyst reports. Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and boosted their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group cut their target price on shares of Aris Water Solutions from $34.00 to $30.00 and set a "buy" 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. Finally, Wells Fargo & Company dropped their price objective on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Aris Water Solutions currently has a consensus rating of "Hold" and an average target price 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.