GSA Capital Partners LLP Sells 20,638 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

GSA Capital Partners LLP trimmed its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 28.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,108 shares of the company’s stock after selling 20,638 shares during the quarter. GSA Capital Partners LLP owned 0.09% of Aris Water Solutions worth $896,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Clearbridge Investments LLC lifted its holdings in Aris Water Solutions by 7.2% during the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after buying an additional 39,145 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Aris Water Solutions during the second quarter valued at approximately $554,000. American Century Companies Inc. raised its stake in shares of Aris Water Solutions by 140.3% during the second 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. International Assets Investment Management LLC purchased a new stake in shares of Aris Water Solutions in the third quarter valued at approximately $2,080,000. Finally, Exchange Traded Concepts LLC grew its stake in Aris Water Solutions by 988.8% in the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after purchasing an additional 125,281 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the transaction, the director now owns 42,082 shares in the company, valued at $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 23.06% of the company’s stock.

Aris Water Solutions Stock Down 2.5 %

Shares of Aris Water Solutions stock opened at $23.93 on Friday. Aris Water Solutions, Inc. has a 52-week low of $7.22 and a 52-week high of $26.34. The firm’s 50 day moving average price is $17.77 and its 200-day moving average price is $16.41. 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 company has a market cap of $1.39 billion, a P/E ratio of 29.91 and a beta of 1.62.

Aris Water Solutions Announces Dividend

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

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.