Fox Run Management L.L.C. Raises Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Fox Run Management L.L.C. raised its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 66.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,503 shares of the company’s stock after purchasing an additional 8,221 shares during the quarter. Fox Run Management L.L.C.’s holdings in Aris Water Solutions were worth $491,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ARIS. Larson Financial Group LLC purchased a new stake in Aris Water Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Aris Water Solutions in the 4th quarter valued at $33,000. Intech Investment Management LLC acquired a new stake in shares of Aris Water Solutions in the fourth quarter worth $237,000. Tidal Investments LLC purchased a new position in shares of Aris Water Solutions during the third quarter worth $252,000. Finally, SG Americas Securities LLC lifted its position in Aris Water Solutions by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock valued at $262,000 after purchasing an additional 3,554 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Citigroup restated a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, Wells Fargo & Company raised 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 research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions presently has a consensus rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Trading Up 2.2 %

Shares of ARIS stock opened at $33.25 on Wednesday. Aris Water Solutions, Inc. has a 1-year low of $12.44 and a 1-year high of $33.91. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 41.56 and a beta of 1.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a 50 day simple moving average of $28.57 and a 200-day simple moving average of $23.84.

Aris Water Solutions Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, March 13th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a yield of 1.68%. Aris Water Solutions’s dividend payout ratio is currently 70.00%.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 316,408 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $25.28, for a total value of $7,998,794.24. Following the transaction, the insider now owns 2,634,791 shares in the company, valued at $66,607,516.48. This trade represents a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the sale, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. This represents a 12.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,749,603 shares of company stock valued at $46,934,960 over the last ninety days. Corporate insiders own 23.06% of the company’s stock.

Aris Water Solutions 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.