Sei Investments Co. Has $1.44 Million Stake in Aris Water Solutions, Inc. (NYSE:ARIS)

Sei Investments Co. raised its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 477.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,102 shares of the company's stock after buying an additional 49,690 shares during the period. Sei Investments Co. owned 0.10% of Aris Water Solutions worth $1,439,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased 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 buying an additional 216,158 shares in the last quarter. Barclays PLC increased its position in 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 acquiring an additional 25,790 shares in the last quarter. State Street Corp raised its stake in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company's stock worth $11,173,000 after acquiring an additional 80,490 shares during the last quarter. HighTower Advisors LLC lifted its position 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 worth $361,000 after purchasing an additional 8,499 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Aris Water Solutions during the third quarter valued at approximately $266,000. 39.71% of the stock is owned by institutional investors.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. The trade was a 12.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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 worth $29,817,145 in the last ninety days. Insiders own 23.06% of the company's stock.

Wall Street Analysts Forecast Growth

ARIS has been the topic of a number of recent research reports. StockNews.com lowered Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Thursday. Wells Fargo & Company raised their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Citigroup reissued a "neutral" rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their target price for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus boosted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $27.00.

Aris Water Solutions Trading Up 0.3 %

Shares of ARIS stock traded up $0.07 on Friday, reaching $24.69. The company had a trading volume of 588,091 shares, compared to its average volume of 555,407. 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 company has a 50-day moving average of $28.72 and a 200-day moving average of $24.98. The stock has a market cap of $1.44 billion, a PE ratio of 30.86 and a beta of 1.81. Aris Water Solutions, Inc. has a 12 month low of $13.24 and a 12 month high of $33.95.

Aris Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 2.27%. Aris Water Solutions's dividend payout ratio (DPR) is currently 70.00%.

About Aris Water Solutions

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.