Aris Water Solutions, Inc. (NYSE:ARIS) Holdings Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 351,342 shares of the company's stock after selling 50,751 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.60% of Aris Water Solutions worth $8,415,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Aris Water Solutions in the fourth quarter valued at approximately $29,663,000. State Street Corp lifted its stake in Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company's stock valued at $11,173,000 after buying an additional 80,490 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Aris Water Solutions by 3.0% during the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock valued at $10,450,000 after acquiring an additional 18,304 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Aris Water Solutions by 4.0% during the third quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company's stock worth $5,940,000 after acquiring an additional 13,676 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Aris Water Solutions by 70,079.1% in the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock worth $8,370,000 after acquiring an additional 348,994 shares during the period. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Price Performance

Shares of ARIS traded up $0.31 during midday trading on Friday, reaching $25.87. The stock had a trading volume of 1,438,501 shares, compared to its average volume of 568,577. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market capitalization of $1.51 billion, a P/E ratio of 32.34 and a beta of 1.81. The firm's 50 day moving average price is $28.50 and its 200-day moving average price is $25.33. Aris Water Solutions, Inc. has a 52 week low of $13.34 and a 52 week high of $33.95.

Aris Water Solutions Increases Dividend

The firm also recently declared 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 was Thursday, March 13th. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 2.16%. Aris Water Solutions's payout ratio is 70.00%.

Insider Buying and Selling at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 32,305 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total transaction of $973,995.75. Following the completion of the sale, the chief operating officer now directly owns 85,656 shares of the company's stock, valued at $2,582,528.40. This trade represents a 27.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 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. In the last three months, insiders sold 1,070,604 shares of company stock valued at $29,817,145. 23.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ARIS shares. StockNews.com upgraded shares of Aris Water Solutions from a "sell" rating to a "hold" rating in a research note on Saturday. Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their target price for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Wells Fargo & Company boosted their price target on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, Citigroup reissued a "neutral" rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $27.00.

About Aris Water Solutions

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.