Aris Water Solutions, Inc. (NYSE:ARIS) Shares Purchased by Invesco Ltd.

Invesco Ltd. lifted its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 76.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 365,685 shares of the company's stock after buying an additional 159,024 shares during the quarter. Invesco Ltd. owned approximately 0.63% of Aris Water Solutions worth $8,758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ARIS. Larson Financial Group LLC acquired a new stake in Aris Water Solutions in the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in Aris Water Solutions in the fourth quarter valued at approximately $33,000. Bridge City Capital LLC raised its holdings in Aris Water Solutions by 0.8% during the fourth 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 in the last quarter. Meeder Asset Management Inc. raised its holdings in Aris Water Solutions by 74.5% during the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company's stock worth $97,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Aris Water Solutions by 12.7% during the fourth quarter. Alliancebernstein L.P. now owns 23,330 shares of the company's stock worth $559,000 after purchasing an additional 2,630 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Insider Activity at Aris Water Solutions

In related news, insider Nicholas A. Patterson sold 8,299 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, 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 position. The transaction was disclosed in a filing 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 business'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 a total of 1,070,604 shares of company stock worth $29,817,145 in the last three months. Insiders own 23.06% of the company's stock.

Aris Water Solutions Stock Performance

NYSE:ARIS traded down $0.47 during midday trading on Tuesday, reaching $25.79. The stock had a trading volume of 33,744 shares, compared to its average volume of 569,030. The firm has a fifty day simple moving average of $28.15 and a two-hundred day simple moving average of $25.66. Aris Water Solutions, Inc. has a 12-month low of $13.34 and a 12-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 stock has a market cap of $1.51 billion, a P/E ratio of 32.02 and a beta of 1.81.

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 given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.17%. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, March 13th. Aris Water Solutions's dividend payout ratio (DPR) is 70.00%.

Wall Street Analysts Forecast Growth

ARIS has been the topic of a number of research analyst reports. StockNews.com cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a report on Tuesday. Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Citigroup reaffirmed a "neutral" rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.00.

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.