Charles Schwab Investment Management Inc. Decreases Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Charles Schwab Investment Management Inc. reduced its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,947 shares of the company’s stock after selling 1,382 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Aris Water Solutions were worth $1,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NBW Capital LLC raised its stake in shares of Aris Water Solutions by 1,191.8% during the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock valued at $6,307,000 after acquiring an additional 242,939 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions in the 4th quarter worth approximately $33,000. Bailard Inc. bought a new position in shares of Aris Water Solutions during the 4th quarter worth approximately $280,000. Oppenheimer & Co. Inc. acquired a new position in shares of Aris Water Solutions during the fourth quarter worth $856,000. Finally, Denali Advisors LLC acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at about $507,000. 39.71% of the stock is owned by institutional investors.

Insider Activity at Aris Water Solutions

In related news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the sale, the insider now owns 58,228 shares in the company, valued at approximately $1,781,776.80. This trade represents a 12.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider S Corp Gable sold 31,410 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the sale, the insider now directly owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. The trade was a 1.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,433,195 shares of company stock worth $38,936,166. Company insiders own 22.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARIS. Wells Fargo & Company lifted their price target on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. The Goldman Sachs Group upped their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Citigroup restated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Stifel Nicolaus raised their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, Evercore ISI cut shares of 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 research note on Wednesday, January 15th. Four 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 an average rating of “Hold” and a consensus price target of $27.00.

Aris Water Solutions Price Performance

ARIS stock opened at $31.68 on Friday. Aris Water Solutions, Inc. has a 52-week low of $12.44 and a 52-week high of $33.95. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 39.60 and a beta of 1.88. The business has a fifty day moving average of $28.78 and a two-hundred day moving average of $24.08.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 13th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 70.00%.

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.