Tidal Investments LLC Makes New $252,000 Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Tidal Investments LLC purchased a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,928 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors have also recently made changes to their positions in the business. Kings Path Partners LLC bought a new stake in Aris Water Solutions during the second quarter valued at approximately $1,026,000. Van ECK Associates Corp grew its position in shares of Aris Water Solutions by 3.6% during the 2nd quarter. Van ECK Associates Corp now owns 111,535 shares of the company’s stock valued at $1,748,000 after acquiring an additional 3,833 shares during the period. Rhumbline Advisers increased its stake in shares of Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after purchasing an additional 758 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Aris Water Solutions by 38.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 106,356 shares of the company’s stock worth $1,667,000 after purchasing an additional 29,310 shares during the period. Finally, ClariVest Asset Management LLC lifted its position in Aris Water Solutions by 35.8% during the second quarter. ClariVest Asset Management LLC now owns 65,154 shares of the company’s stock valued at $1,021,000 after purchasing an additional 17,164 shares in the last quarter. Institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ARIS shares. Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Evercore ISI upped their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Stifel Nicolaus raised their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.83.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS opened at $25.24 on Thursday. The firm’s fifty day moving average is $22.84 and its two-hundred day moving average is $18.43. Aris Water Solutions, Inc. has a 52-week low of $7.74 and a 52-week high of $27.94. The company has a market cap of $1.47 billion, a P/E ratio of 31.55 and a beta of 1.91. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.66%. Aris Water Solutions’s payout ratio is currently 52.50%.

Insider Transactions at Aris Water Solutions

In related news, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the sale, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction of $969,637.17. Following the transaction, the insider now directly owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,970 shares of company stock worth $2,482,749 in the last three months. Insiders own 23.06% of the company’s stock.

Aris Water Solutions Company Profile

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.