40,390 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Purchased by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 40,390 shares of the company's stock, valued at approximately $967,000. Trexquant Investment LP owned approximately 0.07% of Aris Water Solutions as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $29,663,000. Whittier Trust Co. raised its stake in Aris Water Solutions by 70,079.1% during the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock valued at $8,370,000 after buying an additional 348,994 shares during the last quarter. NBW Capital LLC grew its stake 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 valued at $6,307,000 after purchasing an additional 242,939 shares during the period. Horizon Kinetics Asset Management LLC purchased a new stake in Aris Water Solutions during the fourth quarter valued at approximately $5,492,000. Finally, JPMorgan Chase & Co. raised its position in Aris Water Solutions by 116.3% in the third 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 during the period. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Aris Water Solutions Trading Up 2.2 %

ARIS stock traded up $0.55 during trading on Wednesday, hitting $25.13. The company had a trading volume of 116,943 shares, compared to its average volume of 556,634. Aris Water Solutions, Inc. has a 52-week low of $13.24 and a 52-week high of $33.95. The company has a 50 day simple moving average of $28.63 and a 200-day simple moving average of $25.09. The firm has a market capitalization of $1.47 billion, a P/E ratio of 31.36 and a beta of 1.81. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Increases Dividend

The company also recently disclosed 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 was Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 2.23%. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio is 70.00%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ARIS. Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their target price for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. 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 report on Friday, February 28th. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Finally, Citigroup restated a "neutral" rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.00.

Insider Buying and Selling at Aris Water Solutions

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of Aris Water Solutions 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 transaction, the chief accounting officer now directly owns 44,827 shares of the company's stock, valued at $1,296,396.84. This trade represents a 18.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company'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. Insiders sold a total of 1,070,604 shares of company stock valued at $29,817,145 in the last ninety days. Corporate insiders own 23.06% of the company's stock.

Aris Water Solutions 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.