Blair William & Co. IL Invests $347,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Blair William & Co. IL acquired a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,500 shares of the company's stock, valued at approximately $347,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Aris Water Solutions in the 4th quarter worth approximately $29,663,000. State Street Corp increased its holdings 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 purchasing an additional 80,490 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Aris Water Solutions by 3.0% in the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock worth $10,450,000 after purchasing an additional 18,304 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Aris Water Solutions by 116.3% during the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after purchasing an additional 216,158 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of Aris Water Solutions by 4.0% during the third quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company's stock valued at $5,940,000 after buying an additional 13,676 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ARIS has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. StockNews.com cut Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Friday, April 4th. Finally, Citigroup reaffirmed a "neutral" rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $27.00.

Aris Water Solutions Price Performance

NYSE:ARIS traded up $2.41 during trading hours on Wednesday, hitting $26.98. 874,966 shares of the stock traded hands, compared to its average volume of 556,120. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 33.73 and a beta of 1.81. Aris Water Solutions, Inc. has a 1 year low of $12.44 and a 1 year high of $33.95. The stock has a 50 day moving average price of $28.77 and a 200 day moving average price of $24.89. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 annualized dividend and a dividend yield of 2.08%. 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%.

Insider Activity at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 32,305 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total transaction of $973,995.75. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jeffrey K. Hunt sold 10,000 shares of Aris Water Solutions stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the sale, the chief accounting officer now directly owns 44,827 shares in the company, valued at $1,296,396.84. This trade represents a 18.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. 23.06% of the stock is owned by company insiders.

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.