Harvest Investment Services LLC Acquires Shares of 9,665 Aris Water Solutions, Inc. (NYSE:ARIS)

Harvest Investment Services LLC bought a new stake in Aris Water Solutions, Inc. (NYSE:ARIS) in the fourth quarter, Holdings Channel.com reports. The firm bought 9,665 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Stifel Financial Corp raised its holdings in Aris Water Solutions by 61.9% in the 3rd quarter. Stifel Financial Corp now owns 21,887 shares of the company’s stock valued at $369,000 after acquiring an additional 8,372 shares during the last quarter. State Street Corp increased its holdings in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after purchasing an additional 80,490 shares during the last quarter. Barclays PLC lifted its position in Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after buying an additional 25,790 shares in the last quarter. Geode Capital Management LLC boosted its stake in Aris Water Solutions by 3.0% during the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock worth $10,450,000 after buying an additional 18,304 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Aris Water Solutions in the 3rd quarter valued at $252,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Up 2.7 %

Aris Water Solutions stock opened at $24.52 on Wednesday. The company has a market capitalization of $1.43 billion, a PE ratio of 30.64 and a beta of 1.81. 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, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The firm has a 50 day moving average price of $28.36 and a 200 day moving average price of $25.37.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.28%. Aris Water Solutions’s payout ratio is presently 70.00%.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 32,305 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total value of $973,995.75. Following the completion of the transaction, the chief operating officer now owns 85,656 shares in the company, valued at $2,582,528.40. The trade was a 27.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,604 shares of company stock worth $29,817,145. 23.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ARIS shares. Wells Fargo & Company upped their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. StockNews.com upgraded shares of Aris Water Solutions from a “sell” rating to a “hold” rating in a report on Saturday. Evercore ISI cut 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. Finally, 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 note on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.