Advisors Asset Management Inc. Buys 7,281 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Advisors Asset Management Inc. boosted its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 53.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,026 shares of the company’s stock after purchasing an additional 7,281 shares during the period. Advisors Asset Management Inc.’s holdings in Aris Water Solutions were worth $355,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aris Water Solutions during the 2nd quarter valued at approximately $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions during the third quarter worth $39,000. New York State Teachers Retirement System grew its position in shares of Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after purchasing an additional 2,346 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Aris Water Solutions in the second quarter valued at $46,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Aris Water Solutions during the 2nd quarter valued at $82,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Down 1.4 %

Shares of NYSE:ARIS opened at $26.86 on Friday. The firm has a market capitalization of $1.56 billion, a PE ratio of 33.58 and a beta of 1.62. 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, Inc. has a 52-week low of $7.22 and a 52-week high of $27.90. The firm has a fifty day moving average of $19.44 and a 200 day moving average of $17.02.

Aris Water Solutions Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.56%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Insider Activity at Aris Water Solutions

In other news, Director Debra Coy sold 1,500 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ARIS has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their target price on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Evercore ISI increased their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their target price 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.50.

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.