Moors & Cabot Inc. Invests $352,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Moors & Cabot Inc. purchased a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 14,700 shares of the company’s stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in Aris Water Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions in the fourth quarter valued at $33,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions in the third quarter valued at about $39,000. SG Americas Securities LLC boosted its stake in shares of Aris Water Solutions by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after buying an additional 3,554 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Aris Water Solutions during the fourth quarter worth about $279,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Performance

NYSE:ARIS opened at $28.99 on Friday. The firm’s fifty day simple moving average is $27.67 and its 200-day simple moving average is $23.04. 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 stock has a market cap of $1.69 billion, a PE ratio of 36.24 and a beta of 1.88. Aris Water Solutions, Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $32.56.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions’s dividend payout ratio is presently 70.00%.

Insider Activity

In other news, CFO Stephan E. Tompsett sold 20,000 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the transaction, the chief financial officer now owns 140,509 shares of the company’s stock, valued at $4,215,270. The trade was a 12.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction of $969,637.17. Following the completion of the sale, the insider now owns 3,111,738 shares in the company, valued at $77,886,802.14. This represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,006,612 shares of company stock worth $25,721,996. Company insiders own 23.06% of the company’s stock.

Wall Street Analysts Forecast Growth

ARIS has been the subject of a number of recent research reports. 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 research report on Thursday, December 19th. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company upped their price objective 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. Finally, Citigroup reiterated a “neutral” rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock 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.