Jackson Creek Investment Advisors LLC Purchases Shares of 63,600 Aris Water Solutions, Inc. (NYSE:ARIS)

Jackson Creek Investment Advisors LLC acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 63,600 shares of the company’s stock, valued at approximately $1,523,000.

A number of other large investors have also modified their holdings of ARIS. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions during the 4th quarter worth $33,000. Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions in the 3rd quarter valued at about $39,000. New York State Teachers Retirement System grew its position in shares of Aris Water Solutions by 2,346.0% during the third 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 in the last quarter. Tidal Investments LLC acquired a new position in shares of Aris Water Solutions during the third quarter worth about $252,000. Finally, SG Americas Securities LLC increased its stake in shares of Aris Water Solutions by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after buying an additional 3,554 shares during the period. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Insider Activity at Aris Water Solutions

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder S Corp Gable sold 57,731 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the sale, the insider now owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,159,678 shares of company stock valued at $106,807,774 in the last three months. 23.06% of the stock is currently owned by company insiders.

Aris Water Solutions Price Performance

Shares of ARIS opened at $26.47 on Friday. The firm has a fifty day moving average price of $27.09 and a 200 day moving average price of $22.46. The stock has a market cap of $1.54 billion, a PE ratio of 33.09 and a beta of 1.88. Aris Water Solutions, Inc. has a 1-year low of $11.39 and a 1-year high of $32.56. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given 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 dividend yield of 2.12%. Aris Water Solutions’s dividend payout ratio is 70.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of 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 lifted their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their target price for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Citigroup reaffirmed 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. Finally, US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

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.