Counterpoint Mutual Funds LLC Increases Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Counterpoint Mutual Funds LLC boosted its position in Aris Water Solutions, Inc. (NYSE:ARIS) by 602.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,342 shares of the company’s stock after buying an additional 63,766 shares during the quarter. Aris Water Solutions accounts for approximately 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 24th biggest holding. Counterpoint Mutual Funds LLC’s holdings in Aris Water Solutions were worth $1,780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new position in Aris Water Solutions in the fourth quarter valued at about $266,000. Moors & Cabot Inc. acquired a new position in Aris Water Solutions in the fourth quarter worth about $352,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions in the fourth quarter valued at about $28,000. Jackson Creek Investment Advisors LLC acquired a new stake in Aris Water Solutions during the fourth quarter valued at approximately $1,523,000. Finally, Raymond James Financial Inc. bought a new stake in Aris Water Solutions during the fourth quarter valued at $29,663,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Price Performance

Shares of ARIS opened at $28.99 on Monday. Aris Water Solutions, Inc. has a one year low of $12.44 and a one year high of $32.56. The stock’s fifty day moving average is $27.67 and its 200-day moving average is $23.09. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 36.24 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions’s payout ratio is 70.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target 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. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price target for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Citigroup reiterated a “neutral” rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. 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. Finally, Stifel Nicolaus lifted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.00.

Insider Transactions at Aris Water Solutions

In other news, insider S Corp Gable sold 331,181 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the completion of the transaction, the insider now owns 2,268,559 shares in the company, valued at approximately $57,076,944.44. This trade represents a 12.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Brunt David Dylan Van sold 32,305 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total transaction of $973,995.75. Following the completion of the sale, the chief operating officer now owns 85,656 shares in the company, valued at $2,582,528.40. The trade was a 27.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 948,881 shares of company stock valued at $24,246,969. Company insiders own 23.06% of the company’s stock.

Aris Water Solutions Company Profile

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.