Yorktown Energy Partners Xi, L Sells 1,000,000 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Aris Water Solutions Stock Performance

Shares of ARIS traded up $2.48 on Wednesday, reaching $31.95. 1,247,421 shares of the company’s stock traded hands, compared to its average volume of 499,231. The stock’s 50 day simple moving average is $27.87 and its two-hundred day simple moving average is $23.27. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.87 billion, a PE ratio of 39.94 and a beta of 1.88. Aris Water Solutions, Inc. has a 52-week low of $12.44 and a 52-week high of $32.56.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.14 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 1.75%. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is 70.00%.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its holdings in shares of Aris Water Solutions by 3.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock worth $65,218,000 after purchasing an additional 81,413 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Aris Water Solutions in the fourth quarter worth about $29,663,000. Wellington Management Group LLP boosted its holdings in shares of Aris Water Solutions by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock valued at $23,112,000 after buying an additional 9,395 shares in the last quarter. State Street Corp increased its position in Aris Water Solutions by 13.8% during the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after buying an additional 80,490 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of Aris Water Solutions in the third quarter worth approximately $10,828,000. Institutional investors own 39.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ARIS shares. Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Citigroup restated a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Stifel Nicolaus upped their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group increased their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Hold” and an average target price of $27.00.

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.