Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Delaware Energy Llc Sells 3,223,670 Shares

Aris Water Solutions, Inc. (NYSE:ARIS) 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 value of $83,202,922.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Aris Water Solutions Stock Up 1.0 %

Aris Water Solutions stock opened at $29.71 on Friday. Aris Water Solutions, Inc. has a twelve month low of $8.20 and a twelve month high of $30.40. The business has a fifty day moving average of $26.03 and a two-hundred day moving average of $20.17. The firm has a market cap of $1.73 billion, a P/E ratio of 37.14 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 business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.41%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Stifel Nicolaus raised their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company boosted their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Citigroup reiterated a “neutral” rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Aris Water Solutions presently has an average rating of “Hold” and an average price target of $26.50.

Hedge Funds Weigh In On Aris Water Solutions

A number of large investors have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. bought a new stake in shares of Aris Water Solutions in the 3rd quarter valued at about $10,828,000. JPMorgan Chase & Co. boosted its stake in Aris Water Solutions by 116.3% in the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after acquiring an additional 216,158 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after purchasing an additional 139,259 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Aris Water Solutions by 988.8% during the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after purchasing an additional 125,281 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Aris Water Solutions by 93.5% during the 2nd quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock valued at $3,103,000 after purchasing an additional 95,700 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

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.