Aris Water Solutions, Inc. (NYSE:ARIS) Position Increased by Invesco Ltd.

Invesco Ltd. increased its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 76.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 365,685 shares of the company's stock after acquiring an additional 159,024 shares during the quarter. Invesco Ltd. owned 0.63% of Aris Water Solutions worth $8,758,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ARIS. Larson Financial Group LLC acquired a new stake in Aris Water Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new stake in Aris Water Solutions in the 4th quarter worth about $33,000. Meeder Asset Management Inc. lifted its stake in Aris Water Solutions by 74.5% in the 4th quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock worth $97,000 after acquiring an additional 1,726 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Aris Water Solutions during the 4th quarter worth about $237,000. Finally, Tidal Investments LLC purchased a new position in Aris Water Solutions during the 3rd quarter valued at about $252,000. Hedge funds and other institutional investors own 39.71% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ARIS. Evercore ISI cut shares of 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 reaffirmed a "neutral" rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on 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. Finally, StockNews.com raised Aris Water Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, April 19th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Aris Water Solutions has an average 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, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the company'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 transaction, the insider now owns 58,228 shares of the company's stock, valued at approximately $1,781,776.80. This trade 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 1,070,604 shares of company stock worth $29,817,145 over the last 90 days. Insiders own 23.06% of the company's stock.

Aris Water Solutions Price Performance

NYSE ARIS opened at $24.57 on Thursday. The firm has a market cap of $1.44 billion, a P/E ratio of 30.71 and a beta of 1.81. The stock's 50-day moving average is $28.30 and its two-hundred day moving average is $25.37. Aris Water Solutions, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $33.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.28%. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio is presently 70.00%.

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.

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