Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells $83,202,922.70 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder Delaware Energy Llc sold 3,223,670 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Aris Water Solutions Stock Up 2.0 %

Aris Water Solutions stock traded up $0.56 during trading hours on Thursday, hitting $29.41. 705,596 shares of the stock traded hands, compared to its average volume of 1,089,414. The firm’s 50-day moving average price is $25.82 and its two-hundred day moving average price is $19.97. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.71 billion, a PE ratio of 36.77 and a beta of 1.94. Aris Water Solutions, Inc. has a one year low of $8.08 and a one year high of $30.40.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.43%. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Citigroup restated a “neutral” rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. The Goldman Sachs Group boosted their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Finally, US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Aris Water Solutions has a consensus rating of “Hold” and a consensus price target of $26.50.

Institutional Trading of Aris Water Solutions

Hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Aris Water Solutions in the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions in the 3rd quarter worth approximately $39,000. New York State Teachers Retirement System raised its holdings in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after acquiring an additional 2,346 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Aris Water Solutions during the 2nd quarter valued at $82,000. Finally, SG Americas Securities LLC raised its stake in Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock valued at $262,000 after buying an additional 3,554 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

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.