Horizon Kinetics Asset Management LLC Invests $5.49 Million in Aris Water Solutions, Inc. (NYSE:ARIS)

Horizon Kinetics Asset Management LLC bought a new position in Aris Water Solutions, Inc. (NYSE:ARIS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 229,308 shares of the company’s stock, valued at approximately $5,492,000. Horizon Kinetics Asset Management LLC owned approximately 0.39% of Aris Water Solutions at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC purchased a new position in shares of Aris Water Solutions in the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions in the fourth quarter worth approximately $33,000. Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions in the third quarter worth approximately $39,000. SG Americas Securities LLC increased its position in shares of Aris Water Solutions by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after acquiring an additional 3,554 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Aris Water Solutions in the fourth quarter worth approximately $266,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aris Water Solutions

In other news, CFO Stephan E. Tompsett sold 20,000 shares of Aris Water Solutions stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer now owns 140,509 shares of the company’s stock, valued at $4,215,270. This trade represents a 12.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey K. Hunt sold 10,000 shares of Aris Water Solutions stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,827 shares in the company, valued at approximately $1,296,396.84. This represents a 18.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 948,881 shares of company stock worth $24,246,969 over the last ninety days. 23.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on ARIS. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. 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 report on Thursday, December 19th. Citigroup restated a “neutral” rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price target for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, Stifel Nicolaus raised their price target on shares of 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Price Performance

NYSE ARIS opened at $28.99 on Monday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.69 billion, a PE ratio of 36.24 and a beta of 1.88. The company has a 50 day moving average price of $27.67 and a two-hundred day moving average price of $23.09. Aris Water Solutions, Inc. has a 12-month low of $12.44 and a 12-month high of $32.56.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a yield of 1.93%. Aris Water Solutions’s payout ratio is 70.00%.

Aris Water Solutions 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.