Aris Water Solutions, Inc. (NYSE:ARIS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 12.6% in the 4th quarter, HoldingsChannel reports. The fund owned 351,342 shares of the company’s stock after selling 50,751 shares during the quarter. JPMorgan Chase & Co.’s holdings in Aris Water Solutions were worth $8,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ARIS. Bridge City Capital LLC increased its position in shares of Aris Water Solutions by 0.8% during the 4th quarter. Bridge City Capital LLC now owns 201,740 shares of the company’s stock worth $4,832,000 after purchasing an additional 1,556 shares during the last quarter. LPL Financial LLC boosted its stake in Aris Water Solutions by 30.5% during the fourth quarter. LPL Financial LLC now owns 98,816 shares of the company’s stock worth $2,367,000 after buying an additional 23,123 shares during the period. Fox Run Management L.L.C. increased its position in shares of Aris Water Solutions by 66.9% during the fourth quarter. Fox Run Management L.L.C. now owns 20,503 shares of the company’s stock valued at $491,000 after acquiring an additional 8,221 shares during the last quarter. Sei Investments Co. raised its stake in shares of Aris Water Solutions by 477.2% in the 4th quarter. Sei Investments Co. now owns 60,102 shares of the company’s stock valued at $1,439,000 after acquiring an additional 49,690 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Aris Water Solutions in the 4th quarter worth approximately $624,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $24.53 on Wednesday. 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 50 day moving average of $28.63 and a two-hundred day moving average of $25.09. The company has a market cap of $1.43 billion, a P/E ratio of 30.66 and a beta of 1.81. Aris Water Solutions, Inc. has a 52 week low of $13.24 and a 52 week 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 dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 2.28%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio (DPR) is currently 70.00%.

Wall Street Analyst Weigh In

ARIS has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Stifel Nicolaus raised their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Wells Fargo & Company boosted their price objective on 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, StockNews.com lowered shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Aris Water Solutions currently has an average rating of “Hold” and a consensus price target of $27.00.

Insider Buying and Selling

In related news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions 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 completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction on 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 a total of 1,070,604 shares of company stock valued at $29,817,145 over the last three months. Company insiders own 23.06% of the company’s stock.

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.