Segall Bryant & Hamill LLC Has $4.67 Million Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Segall Bryant & Hamill LLC lowered its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,027 shares of the company's stock after selling 99,036 shares during the quarter. Segall Bryant & Hamill LLC owned 0.33% of Aris Water Solutions worth $4,671,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Aris Water Solutions in the 4th quarter valued at $29,663,000. State Street Corp boosted its position in Aris Water Solutions by 13.8% in 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 in the last quarter. Geode Capital Management LLC grew its stake in Aris Water Solutions by 3.0% during the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock worth $10,450,000 after buying an additional 18,304 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Aris Water Solutions by 4.7% during the third quarter. Wasatch Advisors LP now owns 523,533 shares of the company's stock worth $8,832,000 after buying an additional 23,594 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Aris Water Solutions by 116.3% in the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after acquiring an additional 216,158 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

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Aris Water Solutions Trading Up 1.7 %

ARIS stock traded up $0.55 during midday trading on Tuesday, reaching $32.59. The stock had a trading volume of 800,557 shares, compared to its average volume of 533,934. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 40.74 and a beta of 1.88. Aris Water Solutions, Inc. has a twelve month low of $12.44 and a twelve month high of $33.95. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $28.90 and a two-hundred day simple moving average of $24.43.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued 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 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, March 13th. Aris Water Solutions's dividend payout ratio is currently 70.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and increased their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group increased their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Citigroup reaffirmed a "neutral" rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Stifel Nicolaus increased their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company boosted their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Aris Water Solutions presently has a consensus rating of "Hold" and an average price target of $27.00.

Insider Buying and Selling at Aris Water Solutions

In other news, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $28.92, for a total value of $289,200.00. Following the transaction, the chief accounting officer now 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 document filed with the SEC, which is available through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,433,195 shares of company stock valued at $38,936,166. 23.06% of the stock is currently owned by insiders.

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.