Los Angeles Capital Management LLC Cuts Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Los Angeles Capital Management LLC lessened its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,756 shares of the company's stock after selling 15,000 shares during the period. Los Angeles Capital Management LLC owned approximately 0.14% of Aris Water Solutions worth $1,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARIS. JPMorgan Chase & Co. boosted its position in Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock worth $6,783,000 after purchasing an additional 216,158 shares in the last quarter. Barclays PLC lifted its stake in shares of Aris Water Solutions by 277.0% in the 3rd quarter. Barclays PLC now owns 35,102 shares of the company's stock valued at $592,000 after purchasing an additional 25,790 shares during the period. State Street Corp boosted its holdings in Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company's stock worth $11,173,000 after buying an additional 80,490 shares in the last quarter. HighTower Advisors LLC grew its position in Aris Water Solutions by 66.2% during the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company's stock valued at $361,000 after buying an additional 8,499 shares during the period. Finally, Franklin Resources Inc. purchased a new position in Aris Water Solutions in the third quarter valued at $266,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Price Performance

ARIS stock traded down $1.07 during midday trading on Tuesday, reaching $29.18. The stock had a trading volume of 364,100 shares, compared to its average volume of 474,419. Aris Water Solutions, Inc. has a 52-week low of $11.32 and a 52-week high of $32.56. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 36.47 and a beta of 1.94. The company's fifty day simple moving average is $26.96 and its 200 day simple moving average is $22.33. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.14 dividend. The ex-dividend date is Thursday, March 13th. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.92%. Aris Water Solutions's dividend payout ratio is 70.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ARIS. Citigroup reiterated 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. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Stifel Nicolaus upped their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Finally, Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their target price for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions presently has a consensus rating of "Hold" and an average price target of $27.00.

Insider Activity

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Corp Gable sold 38,739 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the sale, the insider now directly owns 3,111,738 shares of the company's stock, valued at $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,159,678 shares of company stock worth $106,807,774 over the last ninety days. Corporate insiders own 23.06% of the company's stock.

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.