Geode Capital Management LLC Acquires 18,304 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Geode Capital Management LLC boosted its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 619,349 shares of the company’s stock after purchasing an additional 18,304 shares during the period. Geode Capital Management LLC’s holdings in Aris Water Solutions were worth $10,450,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ARIS. HighTower Advisors LLC grew its position in shares of Aris Water Solutions by 66.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after purchasing an additional 8,499 shares during the period. American Century Companies Inc. boosted its holdings in shares of Aris Water Solutions by 140.3% in the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after buying an additional 284,788 shares during the period. State Street Corp boosted its holdings in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after buying an additional 80,490 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Aris Water Solutions during the third quarter worth $2,080,000. Finally, Martingale Asset Management L P raised its holdings in shares of Aris Water Solutions by 81.0% during the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock worth $1,022,000 after acquiring an additional 27,109 shares during the period. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus boosted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.83.

Aris Water Solutions Stock Down 1.7 %

ARIS stock opened at $23.95 on Wednesday. Aris Water Solutions, Inc. has a twelve month low of $7.74 and a twelve month high of $27.94. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 29.94 and a beta of 1.91. 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 business has a 50 day moving average price of $23.34 and a two-hundred day moving average price of $18.66.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.75%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

Insiders Place Their Bets

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the sale, the director now owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder S Corp Gable sold 57,731 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the completion of the transaction, the insider now owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 574,917 shares of company stock valued at $14,523,915. 23.06% of the stock is currently owned by corporate 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.