First Trust Advisors LP Trims Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

First Trust Advisors LP cut its holdings in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 78.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,656 shares of the company's stock after selling 530,496 shares during the quarter. First Trust Advisors LP owned approximately 0.26% of Aris Water Solutions worth $3,584,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Larson Financial Group LLC purchased a new position in Aris Water Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Aris Water Solutions during the fourth quarter valued at $33,000. Meeder Asset Management Inc. increased its position in Aris Water Solutions by 74.5% during the 4th 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. Legal & General Group Plc raised its stake in Aris Water Solutions by 38.1% in the 4th quarter. Legal & General Group Plc now owns 5,779 shares of the company's stock valued at $138,000 after purchasing an additional 1,594 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in Aris Water Solutions in the 4th quarter valued at about $237,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Aris Water Solutions Trading Down 0.0 %

ARIS traded down $0.00 on Tuesday, reaching $25.52. 449,204 shares of the company's stock were exchanged, compared to its average volume of 572,475. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 31.90 and a beta of 1.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95. The company's 50 day moving average is $28.05 and its 200-day moving average is $25.99.

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, hitting the consensus estimate of $0.25. Aris Water Solutions had a net margin of 6.29% and a return on equity of 3.74%. Equities analysts predict that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current year.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 2.19%. Aris Water Solutions's dividend payout ratio (DPR) is 70.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARIS. Wells Fargo & Company upped their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. 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 report on Wednesday, January 8th. StockNews.com upgraded Aris Water Solutions from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions presently has a consensus rating of "Hold" and an average target price of $27.00.

Insiders Place Their Bets

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was 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 approximately $1,296,396.84. The trade was a 18.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company's stock in a transaction that occurred 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 have sold a total of 1,070,604 shares of company stock worth $29,817,145 over the last quarter. 23.06% of the stock is owned by corporate insiders.

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.