Bailard Inc. Buys Shares of 11,700 Aris Water Solutions, Inc. (NYSE:ARIS)

Bailard Inc. purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the fourth quarter, Holdings Channel.com reports. The fund purchased 11,700 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in Aris Water Solutions in the fourth quarter valued at approximately $856,000. Denali Advisors LLC bought a new position in shares of Aris Water Solutions in the 4th quarter valued at $507,000. New York State Common Retirement Fund boosted its holdings in shares of Aris Water Solutions by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 115,782 shares of the company’s stock valued at $2,773,000 after acquiring an additional 6,700 shares in the last quarter. Principal Financial Group Inc. grew its position in Aris Water Solutions by 10.4% during the 4th quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock worth $806,000 after acquiring an additional 3,179 shares during the last quarter. Finally, Legato Capital Management LLC grew its position in Aris Water Solutions by 7.2% during the 4th quarter. Legato Capital Management LLC now owns 93,186 shares of the company’s stock worth $2,232,000 after acquiring an additional 6,259 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ARIS shares. Citigroup reissued a “neutral” rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. 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 report on Thursday, December 19th. Wells Fargo & Company raised their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Stock Down 0.3 %

Shares of NYSE ARIS opened at $28.68 on Thursday. The company’s 50 day moving average price is $27.02 and its 200-day moving average price is $22.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a 52-week low of $11.32 and a 52-week high of $32.56. The company has a market capitalization of $1.67 billion, a P/E ratio of 35.85 and a beta of 1.94.

Aris Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.14 dividend. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 1.95%. Aris Water Solutions’s payout ratio is presently 70.00%.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction on Monday, December 16th. The shares were sold at an average price of $25.55, for a total value of $1,475,027.05. Following the completion of the sale, the insider now owns 3,165,939 shares in the company, valued at $80,889,741.45. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,159,678 shares of company stock valued at $106,807,774. 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.