Raymond James Financial Inc. Buys New Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Raymond James Financial Inc. bought a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,238,518 shares of the company’s stock, valued at approximately $29,663,000. Raymond James Financial Inc. owned about 2.13% of Aris Water Solutions at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBW Capital LLC boosted its holdings in Aris Water Solutions by 1,191.8% in the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock valued at $6,307,000 after acquiring an additional 242,939 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions in the fourth quarter valued at $33,000. Bailard Inc. acquired a new position in Aris Water Solutions in the fourth quarter valued at $280,000. Oppenheimer & Co. Inc. acquired a new position in Aris Water Solutions in the fourth quarter valued at $856,000. Finally, Denali Advisors LLC acquired a new position in Aris Water Solutions in the fourth quarter valued at $507,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Stock Down 0.2 %

Shares of NYSE ARIS opened at $28.99 on Friday. Aris Water Solutions, Inc. has a 1 year low of $12.44 and a 1 year high of $32.56. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 36.24 and a beta of 1.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The stock’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $23.00.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend yield of 1.93%. 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. Aris Water Solutions’s payout ratio is presently 70.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on ARIS shares. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Citigroup restated a “neutral” rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. The Goldman Sachs Group boosted their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.00.

Insider Transactions at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 57,731 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephan E. Tompsett sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer now directly owns 140,509 shares of the company’s stock, valued at approximately $4,215,270. This represents a 12.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,006,612 shares of company stock valued at $25,721,996. 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.