1 day Ago By ABMN Staff
American Century Companies Inc. lowered its stake in shares of Aris Water Solutions, Inc. ( NYSE:ARIS – Free Report ) by 22.
8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 473,116 shares of the company’s stock after selling 140,071 shares during the quarter. American Century Companies Inc.
owned approximately 0.81% of Aris Water Solutions worth $11,331,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company.
Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd.
bought a new position in Aris Water Solutions in the 4th quarter valued at $33,000. Intech Investment Management LLC bought a new position in Aris Water Solutions in the 4th quarter valued at $237,000. Tidal Investments LLC acquired a new stake in shares of Aris Water Solutions in the 3rd quarter valued at $252,000.
Finally, SG Americas Securities LLC raised its position in shares of Aris Water Solutions by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after acquiring an additional 3,554 shares during the last quarter.
Institutional investors and hedge funds own 39.71% of the company’s stock. Analyst Ratings Changes ARIS has been the subject of a number of research reports.
Citigroup reiterated a “neutral” rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th.
Stifel Nicolaus lifted 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 report on Tuesday, December 17th.
Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $25.00 to $27.00 in a report on Wednesday, January 15th.
The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th.
Finally, Wells Fargo & Company increased their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th.
Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $27.
00. Aris Water Solutions Trading Up 1.7 % ARIS opened at $32.
59 on Wednesday. The firm’s fifty day moving average is $28.90 and its two-hundred day moving average is $24.
43. The firm has a market cap of $1.91 billion, a PE ratio of 40.
74 and a beta of 1.88. Aris Water Solutions, Inc.
has a twelve month low of $12.44 and a twelve month high of $33.95.
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 Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.
14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.
72%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11.
The ex-dividend date was Thursday, March 13th. Aris Water Solutions’s payout ratio is presently 70.00%.
Insiders Place Their Bets In related news, COO Brunt David Dylan Van sold 32,305 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total value of $973,995.
75. Following the sale, the chief operating officer now directly owns 85,656 shares of the company’s stock, valued at approximately $2,582,528.40.
The trade was a 27.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink .
Also, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.
92, for a total value 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 trade represents a 18.24 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold 1,433,195 shares of company stock worth $38,936,166 over the last ninety days. 23.
06% of the stock is currently owned by corporate insiders. Aris Water Solutions Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding ARIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aris Water Solutions, Inc.
( NYSE:ARIS – Free Report ). Receive News & Ratings for Aris Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aris Water Solutions and related companies with MarketBeat.com's FREE daily email newsletter .
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