26,051 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,051 shares of the company's stock, valued at approximately $624,000.

A number of other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions in the fourth quarter valued at about $33,000. Janus Henderson Group PLC grew its position in shares of Aris Water Solutions by 7.0% during the 3rd quarter. Janus Henderson Group PLC now owns 40,596 shares of the company's stock worth $685,000 after buying an additional 2,663 shares during the period. Principal Financial Group Inc. grew its holdings in Aris Water Solutions by 10.4% during the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company's stock valued at $806,000 after purchasing an additional 3,179 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Aris Water Solutions by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock valued at $262,000 after buying an additional 3,554 shares during the period. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Stock Down 4.2 %

Shares of Aris Water Solutions stock traded down $1.39 during trading on Friday, reaching $31.68. 922,066 shares of the company traded hands, compared to its average volume of 530,476. 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 firm has a market capitalization of $1.85 billion, a PE ratio of 39.60 and a beta of 1.88. The company has a 50 day moving average price of $28.78 and a 200-day moving average price of $24.14. Aris Water Solutions, Inc. has a 1-year low of $12.44 and a 1-year high of $33.95.

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Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.14 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 1.77%. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio is presently 70.00%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on 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 cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted 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 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. The Goldman Sachs Group raised 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 raised their price target on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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 Aris Water Solutions stock in a transaction dated 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 transaction, the chief operating officer now owns 85,656 shares in the company, valued at approximately $2,582,528.40. The trade was a 27.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, the insider now directly owns 58,228 shares of the company's stock, 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. Over the last quarter, insiders sold 1,433,195 shares of company stock valued at $38,936,166. Company insiders own 22.46% 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.