Aris Water Solutions, Inc. (NYSE:ARIS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 473,116 shares of the company's stock after selling 140,071 shares during the period. American Century Companies Inc. owned approximately 0.81% of Aris Water Solutions worth $11,331,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ARIS. Raymond James Financial Inc. purchased a new position in Aris Water Solutions during the fourth quarter worth approximately $29,663,000. State Street Corp increased its stake in shares of Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company's stock worth $11,173,000 after acquiring an additional 80,490 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Aris Water Solutions by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock worth $10,450,000 after acquiring an additional 18,304 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after acquiring an additional 216,158 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Aris Water Solutions by 4.0% in the third quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company's stock valued at $5,940,000 after purchasing an additional 13,676 shares during the period. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Trading Down 12.3 %

Shares of NYSE ARIS traded down $3.54 during trading on Friday, reaching $25.28. The stock had a trading volume of 1,132,884 shares, compared to its average volume of 546,394. 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 company has a market cap of $1.48 billion, a P/E ratio of 31.60 and a beta of 1.81. Aris Water Solutions, Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $33.95. The business's 50-day moving average price is $28.89 and its 200-day moving average price is $24.70.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio (DPR) is currently 70.00%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Friday. Wells Fargo & Company upped their price objective on 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 lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Stifel Nicolaus lifted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Finally, Citigroup reiterated a "neutral" rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.00.

Insiders Place Their Bets

In related news, insider S Corp Gable sold 331,181 shares of Aris Water Solutions stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.16, for a total value of $8,332,513.96. Following the completion of the transaction, the insider now owns 2,268,559 shares in the company, valued at $57,076,944.44. The trade was a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,401,785 shares of company stock worth $38,149,659 over the last 90 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.