Delaware Energy Llc Sells 3,223,670 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) 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 stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Aris Water Solutions Stock Up 1.0 %

Shares of NYSE:ARIS opened at $29.71 on Friday. The stock has a 50-day simple moving average of $26.03 and a 200-day simple moving average of $20.14. 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, Inc. has a 1 year low of $8.20 and a 1 year high of $30.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.105 per share. 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 is currently 52.50%.

Hedge Funds Weigh In On Aris Water Solutions

Hedge funds have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the 2nd quarter worth $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions in the third quarter worth about $39,000. New York State Teachers Retirement System raised its holdings in shares of 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 valued at $41,000 after buying an additional 2,346 shares during the period. Point72 Asset Management L.P. acquired a new position in Aris Water Solutions during the 2nd quarter worth approximately $82,000. Finally, Algert Global LLC purchased a new position in Aris Water Solutions in the 2nd quarter worth approximately $199,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Analyst Ratings Changes

ARIS has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company lifted their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Citigroup reiterated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.50.

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.