Riverwater Partners LLC Sells 5,414 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Riverwater Partners LLC decreased its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 25.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,562 shares of the company’s stock after selling 5,414 shares during the period. Riverwater Partners LLC’s holdings in Aris Water Solutions were worth $373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new position in shares of Aris Water Solutions in the fourth quarter valued at approximately $967,000. Alliancebernstein L.P. raised its holdings in Aris Water Solutions by 12.7% in the 4th quarter. Alliancebernstein L.P. now owns 23,330 shares of the company’s stock worth $559,000 after acquiring an additional 2,630 shares during the period. Meeder Asset Management Inc. lifted its position in Aris Water Solutions by 74.5% during the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock worth $97,000 after acquiring an additional 1,726 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Aris Water Solutions by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock valued at $23,112,000 after acquiring an additional 9,395 shares during the period. Finally, Blair William & Co. IL acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $347,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicholas A. Patterson sold 8,299 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the sale, the insider now owns 58,228 shares of the company’s stock, valued at $1,781,776.80. This trade represents a 12.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,401,785 shares of company stock worth $38,149,659. Company insiders own 23.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus increased 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. The Goldman Sachs Group increased their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company boosted their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, Citigroup restated a “neutral” rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock opened at $25.28 on Friday. The firm has a market cap of $1.48 billion, a P/E ratio of 31.60 and a beta of 1.88. The firm’s 50-day simple moving average is $28.89 and its 200-day simple moving average is $24.59. Aris Water Solutions, Inc. has a twelve month low of $12.44 and a twelve month high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.22%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 13th. Aris Water Solutions’s payout ratio is presently 70.00%.

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.