Aris Water Solutions, Inc. (NYSE:ARIS) Position Lowered by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP reduced its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 797,786 shares of the company’s stock after selling 98,784 shares during the quarter. Aris Water Solutions makes up about 0.3% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 25th biggest holding. Kayne Anderson Capital Advisors LP’s holdings in Aris Water Solutions were worth $13,459,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ARIS. American Century Companies Inc. raised its position in shares of Aris Water Solutions by 140.3% during the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after purchasing an additional 284,788 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after acquiring an additional 139,259 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Aris Water Solutions by 988.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after purchasing an additional 125,281 shares during the last quarter. Nicholas Investment Partners LP bought a new position in Aris Water Solutions in the 2nd quarter worth about $1,703,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Aris Water Solutions by 93.5% during the second quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock valued at $3,103,000 after buying an additional 95,700 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Trading Down 2.5 %

Aris Water Solutions stock opened at $23.93 on Monday. The company has a 50 day moving average price of $17.77 and a 200 day moving average price of $16.43. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 29.91 and a beta of 1.62. Aris Water Solutions, Inc. has a 52 week low of $7.22 and a 52 week high of $26.34. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.76%. Aris Water Solutions’s payout ratio is presently 52.50%.

Analyst Ratings Changes

A number of research analysts have issued reports on ARIS shares. The Goldman Sachs Group boosted their price target on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Stifel Nicolaus upped their target price on Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Evercore ISI lifted their price target on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Aris Water Solutions has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was 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 of the company’s stock, valued at $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.