Vanguard Group Inc. Has $40.64 Million Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Vanguard Group Inc. trimmed its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,696,883 shares of the company's stock after selling 18,094 shares during the quarter. Vanguard Group Inc. owned about 2.91% of Aris Water Solutions worth $40,640,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ARIS. Larson Financial Group LLC bought a new position in shares of Aris Water Solutions in the fourth quarter worth $28,000. SBI Securities Co. Ltd. acquired a new stake in Aris Water Solutions in the fourth quarter worth about $33,000. Intech Investment Management LLC bought a new position in Aris Water Solutions in the 4th quarter valued at about $237,000. Tidal Investments LLC bought a new stake in shares of Aris Water Solutions during the 3rd quarter worth about $252,000. Finally, SG Americas Securities LLC lifted its stake in shares of Aris Water Solutions by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after acquiring an additional 3,554 shares during the period. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Trading Up 0.8 %

Shares of ARIS traded up $0.22 during midday trading on Thursday, hitting $25.78. The stock had a trading volume of 99,153 shares, compared to its average volume of 559,770. The business has a 50-day simple moving average of $28.60 and a two-hundred day simple moving average of $25.10. The firm has a market cap of $1.51 billion, a P/E ratio of 32.29 and a beta of 1.81. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $33.95.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.14 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.17%. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio is presently 70.00%.

Insider Activity

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the company'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 completion of the transaction, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. This trade represents a 12.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,604 shares of company stock worth $29,817,145. 23.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ARIS shares. The Goldman Sachs Group boosted 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 lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their target price for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Wells Fargo & Company upped their price target 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. StockNews.com cut shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Finally, Citigroup reissued a "neutral" rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $27.00.

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.