Jump Financial LLC Purchases New Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Jump Financial LLC bought a new position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,500 shares of the company's stock, valued at approximately $323,000.

A number of other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in shares of Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after purchasing an additional 216,158 shares during the last quarter. Barclays PLC raised its position in shares of Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company's stock valued at $592,000 after acquiring an additional 25,790 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Aris Water Solutions in the 3rd quarter valued at $266,000. New York State Common Retirement Fund boosted its position in shares of Aris Water Solutions by 6.1% in the 4th quarter. New York State Common Retirement Fund now owns 115,782 shares of the company's stock worth $2,773,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Aris Water Solutions during the third quarter worth $514,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 32,305 shares of Aris Water Solutions stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 85,656 shares in the company, valued at approximately $2,582,528.40. The trade was a 27.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company'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 1,070,604 shares of company stock valued at $29,817,145 in the last three months. 23.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Aris Water Solutions Stock Up 4.7 %

NYSE:ARIS traded up $1.19 during trading hours on Friday, reaching $26.56. 120,489 shares of the stock were exchanged, compared to its average volume of 883,325. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick 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 stock has a market cap of $1.55 billion, a PE ratio of 33.26 and a beta of 1.81. The firm has a 50 day moving average of $28.04 and a 200 day moving average of $25.72.

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 paid a $0.14 dividend. 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 2.11%. The ex-dividend date was Thursday, March 13th. Aris Water Solutions's payout ratio is presently 70.00%.

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.