Kings Path Partners LLC Has $680,000 Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Kings Path Partners LLC trimmed its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 53.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,235 shares of the company's stock after selling 24,245 shares during the quarter. Kings Path Partners LLC's holdings in Aris Water Solutions were worth $680,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ARIS. Ameriprise Financial Inc. raised its holdings in shares of Aris Water Solutions by 3.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock valued at $65,218,000 after acquiring an additional 81,413 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Aris Water Solutions during the fourth quarter valued at approximately $29,663,000. Wellington Management Group LLP grew its stake in Aris Water Solutions by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after purchasing an additional 9,395 shares during the period. Dimensional Fund Advisors LP grew its stake in Aris Water Solutions by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock worth $15,357,000 after purchasing an additional 8,844 shares during the period. Finally, Invesco Ltd. grew its stake in Aris Water Solutions by 76.9% in the fourth quarter. Invesco Ltd. now owns 365,685 shares of the company's stock worth $8,758,000 after purchasing an additional 159,024 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the chief accounting officer now directly owns 44,827 shares of the company's stock, valued at $1,296,396.84. This represents a 18.24% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. 37.84% of the stock is currently owned by insiders.

Aris Water Solutions Stock Up 6.0%

Shares of NYSE:ARIS traded up $1.37 on Tuesday, hitting $24.19. 289,552 shares of the company's stock were exchanged, compared to its average volume of 882,706. The firm's 50-day moving average is $25.21 and its 200 day moving average is $26.50. 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 capitalization of $1.43 billion, a PE ratio of 30.24 and a beta of 1.85. 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 posted its quarterly earnings data 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 for 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%. Sell-side analysts predict that Aris Water Solutions, Inc. will post 0.91 EPS for the current year.

Aris Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, June 5th. Aris Water Solutions's dividend payout ratio (DPR) is presently 68.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. 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 report on Thursday, May 8th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research report on Monday, May 12th. Wall Street Zen cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group dropped their target price on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Aris Water Solutions has a consensus rating of "Hold" and a consensus price target 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.