Barclays PLC Acquires 5,640 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Barclays PLC grew its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,742 shares of the company’s stock after buying an additional 5,640 shares during the quarter. Barclays PLC owned 0.07% of Aris Water Solutions worth $975,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in Aris Water Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in shares of Aris Water Solutions during the 4th quarter worth approximately $33,000. Meeder Asset Management Inc. lifted its position in shares of Aris Water Solutions by 74.5% during the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock worth $97,000 after buying an additional 1,726 shares during the period. Legal & General Group Plc boosted its stake in Aris Water Solutions by 38.1% in the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company’s stock valued at $138,000 after buying an additional 1,594 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Aris Water Solutions during the fourth quarter worth $237,000. 39.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on ARIS shares. Evercore ISI downgraded shares of 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. StockNews.com upgraded shares of Aris Water Solutions from a “sell” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company upped their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, Citigroup reiterated a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Insider Activity at Aris Water Solutions

In related news, CFO Stephan E. Tompsett sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the chief financial officer now directly owns 140,509 shares in the company, valued at $4,215,270. This trade represents a 12.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now owns 44,827 shares of the company’s stock, valued at approximately $1,296,396.84. This represents a 18.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,070,604 shares of company stock worth $29,817,145 over the last ninety days. Company insiders own 23.06% of the company’s stock.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS opened at $25.50 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 1-year low of $13.34 and a 1-year high of $33.95. The stock has a market capitalization of $1.49 billion, a P/E ratio of 31.88 and a beta of 1.85. The business has a 50-day moving average price of $28.05 and a two-hundred day moving average price of $25.99.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 13th. Aris Water Solutions’s payout ratio is 70.00%.

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.