Russell Investments Group Ltd. Decreases Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Russell Investments Group Ltd. reduced its holdings in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 47.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 347,958 shares of the company's stock after selling 315,190 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.60% of Aris Water Solutions worth $8,334,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth $29,663,000. Whittier Trust Co. raised its holdings in Aris Water Solutions by 70,079.1% in the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock valued at $8,370,000 after acquiring an additional 348,994 shares in the last quarter. NBW Capital LLC grew its holdings in shares of Aris Water Solutions by 1,191.8% during the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company's stock worth $6,307,000 after purchasing an additional 242,939 shares in the last quarter. Horizon Kinetics Asset Management LLC bought a new stake in Aris Water Solutions during the fourth quarter worth about $5,492,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock worth $6,783,000 after acquiring an additional 216,158 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARIS has been the topic of several research reports. StockNews.com cut Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Evercore ISI downgraded 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 report on Wednesday, January 15th. Citigroup reaffirmed a "neutral" rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group increased their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $27.00.

Insiders Place Their Bets

In other news, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,827 shares of the company's stock, valued at $1,296,396.84. This represents a 18.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the 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. Insiders have sold 1,070,604 shares of company stock valued at $29,817,145 in the last three months. 23.06% of the stock is currently owned by insiders.

Aris Water Solutions Stock Up 1.2 %

Shares of NYSE:ARIS traded up $0.31 during midday trading on Friday, hitting $25.87. 1,438,501 shares of the company's stock were exchanged, compared to its average volume of 566,428. Aris Water Solutions, Inc. has a 12 month low of $13.24 and a 12 month high of $33.95. The company has a market cap of $1.51 billion, a PE ratio of 32.34 and a beta of 1.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a 50 day moving average price of $28.56 and a 200-day moving average price of $25.16.

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 given a $0.14 dividend. 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 yield of 2.16%. The ex-dividend date of this dividend was Thursday, March 13th. 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.