Advisors Asset Management Inc. Buys 7,281 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Advisors Asset Management Inc. lifted its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 53.0% during the 3rd quarter, Holdings Channel reports. The firm owned 21,026 shares of the company’s stock after acquiring an additional 7,281 shares during the period. Advisors Asset Management Inc.’s holdings in Aris Water Solutions were worth $355,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Aris Water Solutions in the second quarter worth about $27,000. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions in the 3rd quarter worth approximately $39,000. New York State Teachers Retirement System grew its position in shares of Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after buying an additional 2,346 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Aris Water Solutions during the second quarter valued at approximately $46,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Aris Water Solutions during the second quarter valued at approximately $82,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARIS has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Evercore ISI boosted their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Insider Activity at Aris Water Solutions

In related news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the transaction, the director now owns 42,082 shares in the company, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.06% of the stock is owned by corporate insiders.

Aris Water Solutions Trading Down 1.4 %

NYSE:ARIS opened at $26.86 on Friday. The firm has a market capitalization of $1.56 billion, a P/E ratio of 33.58 and a beta of 1.62. 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, Inc. has a one year low of $7.22 and a one year high of $27.90. The company’s 50-day simple moving average is $19.44 and its 200 day simple moving average is $17.02.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.56%. Aris Water Solutions’s payout ratio is currently 52.50%.

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.