JPMorgan Chase & Co. Boosts Position in Aris Water Solutions, Inc. (NYSE:ARIS)

JPMorgan Chase & Co. increased its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 116.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 402,093 shares of the company’s stock after acquiring an additional 216,158 shares during the quarter. JPMorgan Chase & Co.’s holdings in Aris Water Solutions were worth $6,783,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after purchasing an additional 25,790 shares in the last quarter. State Street Corp grew its position in 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 in the last quarter. HighTower Advisors LLC increased its stake in Aris Water Solutions by 66.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock worth $361,000 after acquiring an additional 8,499 shares during the last quarter. Franklin Resources Inc. bought a new position in Aris Water Solutions in the 3rd quarter worth about $266,000. Finally, American Century Companies Inc. raised its holdings in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after acquiring an additional 284,788 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Analyst Ratings Changes

ARIS has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on shares of 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. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. The Goldman Sachs Group increased their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.50.

Aris Water Solutions Stock Performance

NYSE ARIS opened at $28.91 on Thursday. The company has a 50-day simple moving average of $25.19 and a two-hundred day simple moving average of $19.43. Aris Water Solutions, Inc. has a 12-month low of $7.74 and a 12-month high of $29.39. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 36.14 and a beta of 1.94. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insiders Place Their Bets

In other Aris Water Solutions news, major shareholder S Corp Gable sold 57,731 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the completion of the transaction, the insider now owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 937,508 shares of company stock valued at $23,642,936 in the last ninety days. Company insiders own 23.06% of the company’s stock.

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.