LPL Financial LLC Acquires 23,123 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

LPL Financial LLC boosted its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 98,816 shares of the company's stock after buying an additional 23,123 shares during the period. LPL Financial LLC owned approximately 0.17% of Aris Water Solutions worth $2,367,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new position in Aris Water Solutions during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Aris Water Solutions in the 4th quarter valued at approximately $33,000. Intech Investment Management LLC bought a new position in Aris Water Solutions in the 4th quarter valued at approximately $237,000. Tidal Investments LLC acquired a new stake in Aris Water Solutions during the 3rd quarter worth approximately $252,000. Finally, SG Americas Securities LLC grew its holdings in Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after acquiring an additional 3,554 shares during the last quarter. Institutional investors own 39.71% of the company's stock.

Insider Buying and Selling at Aris Water Solutions

In related news, CFO Stephan E. Tompsett sold 20,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were 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 in the company, valued at $4,215,270. The trade was a 12.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm'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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,604 shares of company stock worth $29,817,145. 23.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ARIS shares. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. StockNews.com lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Evercore ISI downgraded shares of 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 report on Wednesday, January 15th. Citigroup restated a "neutral" rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group upped their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $27.00.

Aris Water Solutions Trading Up 1.2 %

Aris Water Solutions stock traded up $0.31 during mid-day trading on Friday, hitting $25.87. The company's stock had a trading volume of 1,438,501 shares, compared to its average volume of 567,691. The business has a 50 day moving average price of $28.50 and a 200-day moving average price of $25.22. Aris Water Solutions, Inc. has a 12 month low of $13.34 and a 12 month high of $33.95. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 32.34 and a beta of 1.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio (DPR) is 70.00%.

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.