Marshall Wace LLP Reduces Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Marshall Wace LLP decreased its position in Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) by 84.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,475 shares of the company's stock after selling 122,425 shares during the period. Marshall Wace LLP's holdings in Aris Water Solutions were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARIS. Raymond James Financial Inc. acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at $29,663,000. Wellington Management Group LLP boosted its stake in 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 during the period. JPMorgan Chase & Co. increased its position in shares of Aris Water Solutions by 116.3% during the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after acquiring an additional 216,158 shares during the last quarter. Invesco Ltd. raised its stake in shares of Aris Water Solutions by 76.9% in the 4th quarter. Invesco Ltd. now owns 365,685 shares of the company's stock valued at $8,758,000 after acquiring an additional 159,024 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Aris Water Solutions by 4.0% in the 3rd 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. Institutional investors and hedge funds own 39.71% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on ARIS. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and raised their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Wells Fargo & Company cut their price objective on Aris Water Solutions from $29.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday. StockNews.com upgraded Aris Water Solutions from a "sell" rating to a "hold" rating in a report on Monday. Citigroup restated a "neutral" rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.00.

Aris Water Solutions Stock Performance

NYSE ARIS traded up $0.27 during trading on Thursday, reaching $20.24. The company's stock had a trading volume of 358,432 shares, compared to its average volume of 887,658. The business's fifty day moving average price is $27.71 and its 200-day moving average price is $25.94. Aris Water Solutions, Inc. has a twelve month low of $13.34 and a twelve month high of $33.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 25.30 and a beta of 1.85.

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

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 2.77%. Aris Water Solutions's payout ratio is 70.00%.

Insider Buying and Selling at Aris Water Solutions

In related news, 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 stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction dated 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 owns 44,827 shares in the company, valued at approximately $1,296,396.84. The trade was a 18.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. Insiders own 23.06% of the company's stock.

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.