1 week Ago By Defense World Staff
Corebridge Financial Inc. cut its stake in Aris Water Solutions, Inc. ( NYSE:ARIS – Free Report ) by 7.
0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,323 shares of the company’s stock after selling 1,005 shares during the period. Corebridge Financial Inc.
’s holdings in Aris Water Solutions were worth $319,000 as of its most recent SEC filing. Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc.
purchased a new position in Aris Water Solutions during the fourth quarter worth approximately $29,663,000. Whittier Trust Co. raised its position in shares of Aris Water Solutions by 70,079.
1% in the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock worth $8,370,000 after buying an additional 348,994 shares during the period.
NBW Capital LLC boosted its holdings in Aris Water Solutions by 1,191.8% in the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock valued at $6,307,000 after acquiring an additional 242,939 shares during the last quarter.
Horizon Kinetics Asset Management LLC purchased a new stake in Aris Water Solutions during the fourth quarter valued at about $5,492,000. Finally, JPMorgan Chase & Co. increased its stake in Aris Water Solutions by 116.
3% during the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after acquiring an additional 216,158 shares during the last quarter.
39.71% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of research analysts have weighed in on the stock.
Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price target for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th.
Wells Fargo & Company lifted their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th.
The Goldman Sachs Group increased their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th.
Stifel Nicolaus boosted their price objective on 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, Citigroup reiterated a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th.
One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Aris Water Solutions has an average rating of “Hold” and an average target price of $27.00.
Insider Buying and Selling at Aris Water Solutions In other Aris Water Solutions news, COO Brunt David Dylan Van sold 32,305 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total value of $973,995.
75. Following the transaction, the chief operating officer now owns 85,656 shares of the company’s stock, valued at $2,582,528.40.
This trade represents a 27.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link .
Also, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.
60, for a total value of $253,949.40. Following the completion of the transaction, the insider now owns 58,228 shares of the company’s stock, valued at approximately $1,781,776.
80. The trade was a 12.47 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold 1,070,604 shares of company stock worth $29,817,145 over the last quarter. 23.
06% of the stock is owned by corporate insiders. Aris Water Solutions Price Performance ARIS opened at $24.63 on Friday.
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, Inc. has a 1-year low of $13.
24 and a 1-year high of $33.95. The company has a 50-day moving average of $28.
75 and a 200-day moving average of $24.93. The company has a market capitalization of $1.
44 billion, a P/E ratio of 30.78 and a beta of 1.81.
Aris Water Solutions Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.14 per share.
The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 2.
27%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11.
Aris Water Solutions’s dividend payout ratio is presently 70.00%. About Aris Water Solutions ( 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. Featured Articles Five stocks we like better than Aris Water Solutions Basic Materials Stocks Investing Joby Aviation: Operational Momentum vs.
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