Mariner LLC Lowers Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Mariner LLC cut its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,316 shares of the company’s stock after selling 1,424 shares during the quarter. Mariner LLC’s holdings in Aris Water Solutions were worth $367,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after acquiring an additional 216,158 shares in the last quarter. Barclays PLC increased its stake in shares of Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after purchasing an additional 25,790 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Aris Water Solutions by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 115,782 shares of the company’s stock worth $2,773,000 after purchasing an additional 6,700 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Aris Water Solutions in the 3rd quarter valued at about $514,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Aris Water Solutions in the 4th quarter worth about $279,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Price Performance

Aris Water Solutions stock opened at $26.47 on Friday. 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 stock has a market cap of $1.55 billion, a P/E ratio of 33.09 and a beta of 1.81. The company has a 50-day moving average price of $28.05 and a 200 day moving average price of $25.86. Aris Water Solutions, Inc. has a 12-month low of $13.34 and a 12-month high of $33.95.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Thursday, March 13th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is presently 70.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. StockNews.com cut shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Tuesday, April 29th. Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.00.

Insider Activity at Aris Water Solutions

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares of the company’s stock, valued at $1,781,776.80. The trade was a 12.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,070,604 shares of company stock worth $29,817,145. Insiders own 23.06% of the company’s stock.

Aris Water Solutions 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.