Segall Bryant & Hamill LLC Has $4.96 Million Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Segall Bryant & Hamill LLC cut its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 14.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 294,063 shares of the company's stock after selling 49,449 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.51% of Aris Water Solutions worth $4,961,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ARIS. Sequoia Financial Advisors LLC bought a new stake in shares of Aris Water Solutions during the 2nd quarter valued at about $554,000. American Century Companies Inc. lifted its holdings in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company's stock worth $7,644,000 after purchasing an additional 284,788 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Aris Water Solutions in the 3rd quarter worth approximately $2,080,000. Exchange Traded Concepts LLC boosted its position in Aris Water Solutions by 988.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company's stock valued at $2,327,000 after purchasing an additional 125,281 shares during the period. Finally, AQR Capital Management LLC bought a new position in Aris Water Solutions during the 2nd quarter worth $765,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. US Capital Advisors raised Aris Water Solutions from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, October 28th. The Goldman Sachs Group increased their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Stifel Nicolaus lifted their target price on Aris Water Solutions from $20.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Evercore ISI increased their price target on Aris Water Solutions from $20.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Insiders Place Their Bets

In other news, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the sale, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.06% of the stock is owned by company insiders.

Aris Water Solutions Price Performance

Shares of ARIS stock traded down $0.44 during mid-day trading on Friday, hitting $26.99. 568,704 shares of the stock traded hands, compared to its average volume of 577,002. Aris Water Solutions, Inc. has a twelve month low of $7.22 and a twelve month high of $27.58. 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's 50-day simple moving average is $18.83 and its 200-day simple moving average is $16.81. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 33.74 and a beta of 1.62.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions's payout ratio is currently 52.50%.

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.