Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Delaware Energy Llc Sells 3,223,670 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aris Water Solutions Stock Up 2.0 %

ARIS stock opened at $29.41 on Friday. The stock has a fifty day moving average of $25.92 and a 200-day moving average of $20.04. Aris Water Solutions, Inc. has a fifty-two week low of $8.08 and a fifty-two week high of $30.40. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 36.77 and a beta of 1.94. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.43%. Aris Water Solutions’s payout ratio is 52.50%.

Institutional Trading of Aris Water Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its stake in Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after buying an additional 758 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after acquiring an additional 139,259 shares during the period. Renaissance Technologies LLC grew its position in shares of Aris Water Solutions by 93.5% in the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock valued at $3,103,000 after purchasing an additional 95,700 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Aris Water Solutions during the 2nd quarter valued at $312,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the 2nd quarter worth about $27,000. Institutional investors own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on ARIS shares. Citigroup reissued a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. 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. Wells Fargo & Company raised their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus raised their price objective 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.50.

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.