Los Angeles Capital Management LLC Has $1.93 Million Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Los Angeles Capital Management LLC lessened its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 15.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 80,756 shares of the company’s stock after selling 15,000 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Aris Water Solutions were worth $1,934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in Aris Water Solutions during the 3rd quarter worth about $39,000. New York State Teachers Retirement System grew its holdings in shares of Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after buying an additional 2,346 shares in the last quarter. SG Americas Securities LLC raised its position in Aris Water Solutions by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock valued at $262,000 after buying an additional 3,554 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Aris Water Solutions in the 4th quarter valued at approximately $279,000. Finally, International Assets Investment Management LLC acquired a new position in Aris Water Solutions during the 3rd quarter worth approximately $2,080,000. 39.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ARIS. Wells Fargo & Company lifted 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. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Finally, 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 report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Stock Up 1.9 %

Aris Water Solutions stock opened at $31.56 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The company’s 50-day moving average is $26.84 and its 200-day moving average is $22.14. The firm has a market capitalization of $1.84 billion, a PE ratio of 39.46 and a beta of 1.94. Aris Water Solutions, Inc. has a fifty-two week low of $10.56 and a fifty-two week high of $32.00.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is 52.50%.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the sale, the insider now directly owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,159,678 shares of company stock worth $106,807,774 over the last 90 days. Company insiders own 22.46% of the company’s stock.

Aris Water Solutions Company Profile

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.