Quantbot Technologies LP Invests $804,000 in Aris Water Solutions, Inc. (NYSE:ARIS)

Quantbot Technologies LP acquired a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 33,589 shares of the company's stock, valued at approximately $804,000. Quantbot Technologies LP owned about 0.06% of Aris Water Solutions as of its most recent filing with the Securities and Exchange Commission.

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

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Aris Water Solutions Trading Down 4.2 %

Aris Water Solutions stock traded down $1.39 during mid-day trading on Friday, reaching $31.68. 922,066 shares of the company traded hands, compared to its average volume of 530,476. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions, Inc. has a 52-week low of $12.44 and a 52-week high of $33.95. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 39.60 and a beta of 1.88. The firm's 50 day moving average price is $28.78 and its 200 day moving average price is $24.21.

Aris Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors 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 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Thursday, March 13th. Aris Water Solutions's dividend payout ratio is presently 70.00%.

Analyst Upgrades and Downgrades

ARIS has been the subject of several analyst reports. Citigroup restated a "neutral" rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Wells Fargo & Company increased 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. Evercore ISI downgraded shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Stifel Nicolaus upped 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. Finally, The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.00.

Insiders Place Their Bets

In related news, insider Nicholas A. Patterson sold 8,299 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the completion of the transaction, the insider now owns 58,228 shares of the company's stock, valued at $1,781,776.80. This trade represents a 12.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider S Corp Gable sold 31,410 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the sale, the insider now directly owns 2,599,740 shares in the company, valued at $65,097,489.60. This trade represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,433,195 shares of company stock worth $38,936,166 over the last three months. Company insiders own 22.46% 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.