14,933 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC bought a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,933 shares of the company's stock, valued at approximately $358,000.

Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in Aris Water Solutions by 3.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock worth $65,218,000 after purchasing an additional 81,413 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth about $29,663,000. Wellington Management Group LLP grew its holdings in shares of Aris Water Solutions by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock worth $23,112,000 after buying an additional 9,395 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aris Water Solutions by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 641,170 shares of the company's stock valued at $15,357,000 after buying an additional 8,844 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Aris Water Solutions by 76.9% in the fourth quarter. Invesco Ltd. now owns 365,685 shares of the company's stock valued at $8,758,000 after buying an additional 159,024 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.

Insiders Place Their Bets

In other Aris Water Solutions news, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the sale, the chief accounting officer now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm's 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 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 over the last quarter. 37.84% of the stock is owned by corporate insiders.

Aris Water Solutions Trading Up 6.0%

Shares of NYSE ARIS traded up $1.38 during midday trading on Tuesday, hitting $24.20. The stock had a trading volume of 805,014 shares, compared to its average volume of 605,013. 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, Inc. has a 1-year low of $13.34 and a 1-year high of $33.95. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 30.25 and a beta of 1.85. The company has a fifty day moving average price of $25.03 and a 200 day moving average price of $26.49.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. The company had revenue of $120.49 million during the quarter, compared to the consensus estimate of $115.72 million. On average, analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.56 annualized dividend and a yield of 2.31%. Aris Water Solutions's dividend payout ratio is currently 68.29%.

Analyst Ratings Changes

ARIS has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. The Goldman Sachs Group lowered their price objective on Aris Water Solutions from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Citigroup reissued a "neutral" rating on shares of Aris Water Solutions in a research note on Monday, May 12th. Finally, Wall Street Zen downgraded shares of Aris Water Solutions from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. 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 company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $26.00.

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.