Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Yorktown Energy Partners Xi, L Sells 1,000,000 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Aris Water Solutions Stock Up 8.4 %

NYSE:ARIS opened at $31.95 on Thursday. Aris Water Solutions, Inc. has a 1 year low of $12.44 and a 1 year high of $33.03. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 39.94 and a beta of 1.88. The stock has a 50-day moving average price of $28.03 and a two-hundred day moving average price of $23.33.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, March 13th. Aris Water Solutions’s dividend payout ratio is currently 70.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ARIS shares. Citigroup reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Wells Fargo & Company upped their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus boosted 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $27.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its position in shares of Aris Water Solutions by 3.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock worth $65,218,000 after buying an additional 81,413 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Aris Water Solutions during the fourth quarter worth about $29,663,000. Wellington Management Group LLP boosted its position in shares of Aris Water Solutions by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock worth $23,112,000 after buying an additional 9,395 shares during the period. State Street Corp boosted its position in shares of Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after buying an additional 80,490 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in shares of Aris Water Solutions during the third quarter worth about $10,828,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.