Aris Water Solutions, Inc. (NYSE:ARIS) Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC increased its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 602.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,342 shares of the company’s stock after purchasing an additional 63,766 shares during the quarter. Aris Water Solutions accounts for 0.2% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 24th biggest holding. Counterpoint Mutual Funds LLC owned approximately 0.13% of Aris Water Solutions worth $1,780,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new position in shares of Aris Water Solutions during the 4th quarter worth $266,000. Moors & Cabot Inc. purchased a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $352,000. Larson Financial Group LLC purchased a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $28,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at approximately $1,523,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Aris Water Solutions during the 4th quarter worth approximately $29,663,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, CFO Stephan E. Tompsett sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer now directly owns 140,509 shares in the company, valued at $4,215,270. The trade was a 12.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider S Corp Gable sold 331,181 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the completion of the transaction, the insider now directly owns 2,268,559 shares in the company, valued at approximately $57,076,944.44. This represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 948,881 shares of company stock worth $24,246,969 in the last ninety days. Insiders own 23.06% of the company’s stock.

Analyst Upgrades and Downgrades

ARIS has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price 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. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Citigroup restated a “neutral” rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. 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. Finally, Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Price Performance

ARIS opened at $28.99 on Monday. Aris Water Solutions, Inc. has a 1 year low of $12.44 and a 1 year high of $32.56. The company’s 50 day simple moving average is $27.67 and its 200 day simple moving average is $23.09. The stock has a market capitalization of $1.69 billion, a PE ratio of 36.24 and a beta of 1.88. 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 will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. 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 1.93%. Aris Water Solutions’s payout ratio is currently 70.00%.

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.