NBW Capital LLC Has $6.31 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

NBW Capital LLC raised its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 1,191.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 263,324 shares of the company’s stock after buying an additional 242,939 shares during the period. NBW Capital LLC owned 0.45% of Aris Water Solutions worth $6,307,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Aris Water Solutions by 13.8% during the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after purchasing an additional 80,490 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Aris Water Solutions during the 3rd quarter worth about $10,828,000. Geode Capital Management LLC increased its stake in shares of Aris Water Solutions by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock worth $10,450,000 after purchasing an additional 18,304 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Aris Water Solutions by 4.7% during the 3rd quarter. Wasatch Advisors LP now owns 523,533 shares of the company’s stock worth $8,832,000 after purchasing an additional 23,594 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after purchasing an additional 216,158 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on ARIS. Citigroup restated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Stifel Nicolaus lifted their target price 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. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aris Water Solutions currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Stock Performance

NYSE ARIS opened at $30.23 on Tuesday. 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 company has a market capitalization of $1.76 billion, a P/E ratio of 37.79 and a beta of 1.94. Aris Water Solutions, Inc. has a 12-month low of $11.32 and a 12-month high of $32.56. The firm has a 50-day moving average price of $26.96 and a two-hundred day moving average price of $22.33.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 1.85%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is currently 70.00%.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction that occurred on 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 can be accessed through this hyperlink. Also, insider S Corp Gable sold 331,181 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the completion of the transaction, the insider now owns 2,268,559 shares of the company’s stock, valued at $57,076,944.44. The trade was a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,159,678 shares of company stock valued at $106,807,774 in the last quarter. Company insiders own 23.06% of the company’s stock.

Aris Water Solutions Company 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.