Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells $83,202,922.70 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Aris Water Solutions Stock Performance

Shares of ARIS opened at $29.71 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s 50 day moving average is $26.03 and its 200-day moving average is $20.14. Aris Water Solutions, Inc. has a 12-month low of $8.20 and a 12-month high of $30.40. The stock has a market capitalization of $1.73 billion, a P/E ratio of 37.14 and a beta of 1.94.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.41%. Aris Water Solutions’s dividend payout ratio (DPR) is 52.50%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $22.00 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, November 26th. Stifel Nicolaus upped their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company boosted their target price on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.50.

Institutional Investors Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions during the second quarter worth $27,000. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions in the 3rd quarter worth about $39,000. New York State Teachers Retirement System raised its holdings in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after buying an additional 2,346 shares during the period. Point72 Asset Management L.P. purchased a new stake in Aris Water Solutions during the second quarter valued at about $82,000. Finally, Algert Global LLC acquired a new position in shares of Aris Water Solutions in the second quarter worth about $199,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.