Eagle Asset Management Inc. Buys Shares of 641,848 Aris Water Solutions, Inc. (NYSE:ARIS)

Eagle Asset Management Inc. bought a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 641,848 shares of the company’s stock, valued at approximately $10,828,000. Eagle Asset Management Inc. owned about 1.10% of Aris Water Solutions at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in Aris Water Solutions during the 1st quarter worth $166,000. Lazard Asset Management LLC acquired a new position in Aris Water Solutions in the first quarter worth about $222,000. Price T Rowe Associates Inc. MD increased its holdings in Aris Water Solutions by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after buying an additional 1,902 shares during the last quarter. Blackstone Inc. acquired a new stake in Aris Water Solutions during the first quarter valued at approximately $283,000. Finally, Kennedy Capital Management LLC lifted its holdings in Aris Water Solutions by 3.8% during the 1st quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock worth $8,415,000 after buying an additional 21,515 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ARIS. Evercore ISI raised their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, 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 research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.50.

Aris Water Solutions Stock Down 1.6 %

Aris Water Solutions stock opened at $26.99 on Friday. The company’s 50-day moving average price is $18.83 and its two-hundred day moving average price is $16.81. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 33.74 and a beta of 1.62. Aris Water Solutions, Inc. has a 52 week low of $7.22 and a 52 week high of $27.58. 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 Dividend Announcement

The firm 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 of this dividend 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 52.50%.

Insider Transactions at Aris Water Solutions

In other news, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.06% 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.