Kennedy Capital Management LLC Trims Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Kennedy Capital Management LLC cut its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 15.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612,606 shares of the company's stock after selling 112,420 shares during the period. Kennedy Capital Management LLC owned 1.05% of Aris Water Solutions worth $14,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in ARIS. Larson Financial Group LLC acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new position in Aris Water Solutions in the 4th quarter worth approximately $33,000. Bridge City Capital LLC grew its position in shares of Aris Water Solutions by 0.8% in the fourth quarter. Bridge City Capital LLC now owns 201,740 shares of the company's stock valued at $4,832,000 after purchasing an additional 1,556 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Aris Water Solutions by 38.1% during the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock worth $138,000 after acquiring an additional 1,594 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in shares of Aris Water Solutions by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock valued at $97,000 after purchasing an additional 1,726 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com cut Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Stifel Nicolaus boosted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group upped their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Finally, Citigroup reiterated a "neutral" rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $27.00.

Aris Water Solutions Stock Performance

ARIS stock traded up $0.34 on Tuesday, hitting $24.78. The company's stock had a trading volume of 234,619 shares, compared to its average volume of 556,264. Aris Water Solutions, Inc. has a 1 year low of $13.24 and a 1 year high of $33.95. 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 has a market cap of $1.45 billion, a price-to-earnings ratio of 30.98 and a beta of 1.81. The firm has a 50 day moving average of $28.70 and a two-hundred day moving average of $25.10.

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 paid a $0.14 dividend. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, March 13th. Aris Water Solutions's dividend payout ratio (DPR) is 70.00%.

Insider Activity

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 dated Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the completion of the sale, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. This trade represents a 12.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. Company insiders own 23.06% of the company's stock.

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.