Emerald Advisers LLC Reduces Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Emerald Advisers LLC lowered its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 40.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,169 shares of the company’s stock after selling 11,647 shares during the period. Emerald Advisers LLC’s holdings in Aris Water Solutions were worth $411,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $33,000. Bridge City Capital LLC boosted its position in shares of Aris Water Solutions by 0.8% in the 4th quarter. Bridge City Capital LLC now owns 201,740 shares of the company’s stock worth $4,832,000 after purchasing an additional 1,556 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Aris Water Solutions by 7.0% in the third quarter. Janus Henderson Group PLC now owns 40,596 shares of the company’s stock worth $685,000 after acquiring an additional 2,663 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Aris Water Solutions by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock worth $806,000 after acquiring an additional 3,179 shares in the last quarter. 39.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, insider Nicholas A. Patterson sold 8,299 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the sale, the insider now owns 58,228 shares in the company, valued at $1,781,776.80. This represents a 12.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder S Corp Gable sold 316,408 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $25.28, for a total value of $7,998,794.24. Following the completion of the transaction, the insider now owns 2,634,791 shares in the company, valued at $66,607,516.48. The trade was a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,910,142 shares of company stock valued at $50,977,332. 23.06% of the stock is owned by company insiders.

Aris Water Solutions Stock Down 0.3 %

Shares of Aris Water Solutions stock opened at $31.93 on Monday. The company’s 50 day moving average is $28.35 and its 200 day moving average is $23.60. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 39.91 and a beta of 1.88. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a twelve month low of $12.44 and a twelve month high of $32.72.

Aris Water Solutions Increases Dividend

The company also recently announced 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. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. 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 1.75%. Aris Water Solutions’s dividend payout ratio is currently 70.00%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup reiterated a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group upped their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Stifel Nicolaus upped their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

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.