Legal & General Group Plc Buys 1,594 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Legal & General Group Plc grew its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 38.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,779 shares of the company’s stock after buying an additional 1,594 shares during the period. Legal & General Group Plc’s holdings in Aris Water Solutions were worth $138,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC purchased a new stake in Aris Water Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Aris Water Solutions during the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. grew its holdings in shares of Aris Water Solutions by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock worth $97,000 after purchasing an additional 1,726 shares during the last quarter. Intech Investment Management LLC bought a new stake in Aris Water Solutions during the 4th quarter valued at $237,000. Finally, Tidal Investments LLC bought a new stake in Aris Water Solutions in the 3rd quarter worth $252,000. Institutional investors own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

ARIS has been the subject of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. StockNews.com cut Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup reaffirmed a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.00.

Insiders Place Their Bets

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey K. Hunt sold 10,000 shares of Aris Water Solutions stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the transaction, the chief accounting officer now owns 44,827 shares in the company, valued at $1,296,396.84. This trade represents a 18.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,070,604 shares of company stock valued at $29,817,145 over the last three months. 23.06% of the stock is owned by company insiders.

Aris Water Solutions Trading Up 1.5 %

Shares of Aris Water Solutions stock opened at $25.35 on Friday. 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 firm has a market cap of $1.48 billion, a price-to-earnings ratio of 31.68 and a beta of 1.81. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95. The business has a 50-day moving average price of $28.04 and a 200-day moving average price of $25.72.

Aris Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a yield of 2.21%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 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.