Aris Water Solutions, Inc. (NYSE:ARIS) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. raised its stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 7,161.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,441 shares of the company's stock after purchasing an additional 173,025 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned about 0.30% of Aris Water Solutions worth $4,202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new position in shares of Aris Water Solutions in the third quarter valued at $514,000. Advisors Asset Management Inc. grew its stake in shares of Aris Water Solutions by 53.0% during the third quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company's stock valued at $355,000 after acquiring an additional 7,281 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Aris Water Solutions during the third quarter worth about $10,828,000. Martingale Asset Management L P lifted its stake in shares of Aris Water Solutions by 81.0% in the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company's stock worth $1,022,000 after acquiring an additional 27,109 shares in the last quarter. Finally, Wasatch Advisors LP boosted its holdings in Aris Water Solutions by 4.7% in the third quarter. Wasatch Advisors LP now owns 523,533 shares of the company's stock valued at $8,832,000 after purchasing an additional 23,594 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

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Analyst Upgrades and Downgrades

ARIS has been the subject of several recent analyst reports. 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. 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. Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and boosted their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Wells Fargo & Company lifted their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, US Capital Advisors downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $27.00.

Aris Water Solutions Stock Performance

ARIS stock traded down $0.72 during mid-day trading on Wednesday, reaching $32.62. The company had a trading volume of 818,214 shares, compared to its average volume of 511,568. Aris Water Solutions, Inc. has a one year low of $12.44 and a one year high of $34.42. The stock has a market capitalization of $1.91 billion, a P/E ratio of 40.77 and a beta of 1.88. 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 stock's 50-day simple moving average is $28.57 and its two-hundred day simple moving average is $23.84.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.72%. Aris Water Solutions's dividend payout ratio (DPR) is currently 70.00%.

Insiders Place Their Bets

In other news, insider Nicholas A. Patterson sold 8,299 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 58,228 shares of the company's stock, valued at approximately $1,781,776.80. This trade represents a 12.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider S Corp Gable sold 31,410 shares of Aris Water Solutions stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $25.04, for a total transaction of $786,506.40. Following the sale, the insider now owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. This represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,749,603 shares of company stock worth $46,934,960. 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.