Martingale Asset Management L P Boosts Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Martingale Asset Management L P boosted its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 81.0% during the third quarter, Holdings Channel.com reports. The firm owned 60,582 shares of the company’s stock after acquiring an additional 27,109 shares during the period. Martingale Asset Management L P’s holdings in Aris Water Solutions were worth $1,022,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ARIS. Eagle Asset Management Inc. purchased a new stake in shares of Aris Water Solutions during the 3rd quarter valued at about $10,828,000. Advisors Asset Management Inc. increased its stake in Aris Water Solutions by 53.0% during the third quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company’s stock worth $355,000 after acquiring an additional 7,281 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions during the third quarter valued at approximately $39,000. Principal Financial Group Inc. bought a new stake in shares of Aris Water Solutions in the 3rd quarter valued at approximately $514,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares during the period. Institutional investors own 39.71% of the company’s stock.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the transaction, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.06% of the stock is owned by company insiders.

Aris Water Solutions Trading Up 0.1 %

Shares of ARIS opened at $26.90 on Monday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 33.63 and a beta of 1.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions, Inc. has a 1-year low of $7.22 and a 1-year high of $27.90. The company has a 50-day moving average of $19.84 and a 200 day moving average of $17.17.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.56%. Aris Water Solutions’s payout ratio is 52.50%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARIS. The Goldman Sachs Group increased their price target on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered 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 report on Wednesday, November 6th. Stifel Nicolaus lifted their price target on shares of Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI increased their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Aris Water Solutions presently has an average rating of “Moderate Buy” and an average target price of $20.50.

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.