Aris Water Solutions, Inc. (NYSE:ARIS) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 77.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,550 shares of the company's stock after selling 48,800 shares during the period. Prudential Financial Inc.'s holdings in Aris Water Solutions were worth $348,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions in the fourth quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions in the fourth quarter valued at $33,000. Bridge City Capital LLC increased its position in Aris Water Solutions by 0.8% in the fourth quarter. Bridge City Capital LLC now owns 201,740 shares of the company's stock worth $4,832,000 after purchasing an additional 1,556 shares during the last quarter. Janus Henderson Group PLC raised its stake in Aris Water Solutions by 7.0% during the third quarter. Janus Henderson Group PLC now owns 40,596 shares of the company's stock valued at $685,000 after purchasing an additional 2,663 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position 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 last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Stock Up 2.1 %

Shares of ARIS stock traded up $0.52 during trading hours on Wednesday, reaching $25.10. 84,738 shares of the company's stock were exchanged, compared to its average volume of 556,509. The stock has a market cap of $1.47 billion, a PE ratio of 31.38 and a beta of 1.81. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock's fifty day moving average price is $28.63 and its two-hundred day moving average price is $25.09. Aris Water Solutions, Inc. has a 1 year low of $13.24 and a 1 year high of $33.95.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, March 13th. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio is 70.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ARIS shares. Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price target for the company 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 previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. 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. 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, StockNews.com cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Aris Water Solutions has a consensus rating of "Hold" and an average price target of $27.00.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief operating officer now owns 85,656 shares in the company, valued at $2,582,528.40. This trade represents a 27.39 % 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 90 days. 23.06% of the stock is currently owned by company insiders.

About Aris Water Solutions

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.