Kings Path Partners LLC Sells 21,754 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Kings Path Partners LLC lowered its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 32.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,480 shares of the company’s stock after selling 21,754 shares during the quarter. Kings Path Partners LLC’s holdings in Aris Water Solutions were worth $1,089,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions in the 2nd quarter valued at $27,000. Meeder Asset Management Inc. acquired a new stake in Aris Water Solutions in the third quarter valued at about $39,000. New York State Teachers Retirement System grew its position in Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after acquiring an additional 2,346 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Aris Water Solutions during the second quarter worth about $82,000. Finally, International Assets Investment Management LLC bought a new position in shares of Aris Water Solutions in the third quarter worth about $2,080,000. Institutional investors own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARIS. Evercore ISI lifted their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price target for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Stifel Nicolaus raised their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Aris Water Solutions has a consensus rating of “Moderate Buy” and an average target price of $24.83.

Aris Water Solutions Trading Up 0.8 %

ARIS traded up $0.19 during midday trading on Monday, hitting $24.88. 1,087,100 shares of the company were exchanged, compared to its average volume of 703,512. The firm’s 50 day moving average price is $24.04 and its 200-day moving average price is $18.94. Aris Water Solutions, Inc. has a 1-year low of $7.74 and a 1-year high of $27.94. The firm has a market capitalization of $1.45 billion, a P/E ratio of 31.10 and a beta of 1.94. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insiders Place Their Bets

In related news, major shareholder S Corp Gable sold 316,408 shares of Aris Water Solutions stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $25.28, for a total transaction of $7,998,794.24. Following the completion of the transaction, the insider now owns 2,634,791 shares of the company’s stock, valued at $66,607,516.48. This trade represents a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Debra Coy sold 1,500 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, the director now owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 574,917 shares of company stock worth $14,523,915. 23.06% of the stock is currently owned by insiders.

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.