Arrowstreet Capital Limited Partnership Trims Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Arrowstreet Capital Limited Partnership decreased its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 39.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,125 shares of the company's stock after selling 157,121 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.41% of Aris Water Solutions worth $5,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Larson Financial Group LLC bought a new position in Aris Water Solutions in the fourth quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions in the 4th quarter worth about $33,000. Intech Investment Management LLC bought a new position in shares of Aris Water Solutions during the 4th quarter valued at about $237,000. Tidal Investments LLC purchased a new position in shares of Aris Water Solutions during the 3rd quarter valued at about $252,000. Finally, SG Americas Securities LLC lifted its position in Aris Water Solutions by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after buying an additional 3,554 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Insiders Place Their Bets

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now owns 44,827 shares in the company, valued at $1,296,396.84. The trade was a 18.24 % decrease in their ownership of the stock. The sale was disclosed in a 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 firm's stock in a transaction dated Monday, March 17th. The stock was 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. In the last 90 days, insiders sold 1,070,604 shares of company stock worth $29,817,145. 23.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ARIS shares. Citigroup reiterated a "neutral" rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Stifel Nicolaus boosted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Wells Fargo & Company raised their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Finally, Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.00.

Aris Water Solutions Trading Up 0.3 %

Shares of NYSE:ARIS traded up $0.07 during midday trading on Friday, hitting $24.69. 588,091 shares of the stock traded hands, compared to its average volume of 555,407. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $28.72 and its two-hundred day moving average is $24.98. The stock has a market capitalization of $1.44 billion, a PE ratio of 30.86 and a beta of 1.81. Aris Water Solutions, Inc. has a one year low of $13.24 and a one 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. Shareholders of record on Thursday, March 13th were given a dividend of $0.14 per share. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.27%. Aris Water Solutions's dividend payout ratio is presently 70.00%.

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.