Aris Water Solutions, Inc. (NYSE:ARIS) Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 74.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,042 shares of the company’s stock after buying an additional 1,726 shares during the period. Meeder Asset Management Inc.’s holdings in Aris Water Solutions were worth $97,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Aris Water Solutions in the fourth quarter worth approximately $29,663,000. Whittier Trust Co. boosted its stake in Aris Water Solutions by 70,079.1% during the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock worth $8,370,000 after purchasing an additional 348,994 shares during the last quarter. NBW Capital LLC grew its holdings in shares of Aris Water Solutions by 1,191.8% during the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock worth $6,307,000 after buying an additional 242,939 shares in the last quarter. Horizon Kinetics Asset Management LLC acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $5,492,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Aris Water Solutions by 116.3% in the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after buying an additional 216,158 shares in the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Wells Fargo & Company increased their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Citigroup restated 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. Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price target for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Finally, 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Aris Water Solutions Trading Up 1.7 %

Shares of ARIS stock opened at $32.59 on Wednesday. Aris Water Solutions, Inc. has a 1-year low of $12.44 and a 1-year high of $33.95. The firm has a market cap of $1.91 billion, a PE ratio of 40.74 and a beta of 1.88. The company has a 50-day moving average of $28.90 and a two-hundred day moving average of $24.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio (DPR) is 70.00%.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S Corp Gable sold 31,410 shares of Aris Water Solutions stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $25.04, for a total transaction of $786,506.40. Following the completion of the transaction, the insider now owns 2,599,740 shares of the company’s stock, valued at $65,097,489.60. This trade represents a 1.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,433,195 shares of company stock valued at $38,936,166 over the last quarter. 23.06% of the stock is owned by company insiders.

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.