Susquehanna Fundamental Investments LLC Acquires New Shares in Aris Water Solutions, Inc. (NYSE:ARIS)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 81,117 shares of the company's stock, valued at approximately $1,943,000. Susquehanna Fundamental Investments LLC owned about 0.14% of Aris Water Solutions at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Barclays PLC grew its stake in shares of Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company's stock valued at $592,000 after purchasing an additional 25,790 shares during the last quarter. Geode Capital Management LLC increased its position in Aris Water Solutions by 3.0% during the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock worth $10,450,000 after buying an additional 18,304 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Aris Water Solutions during the third quarter worth $252,000. Franklin Resources Inc. acquired a new stake in Aris Water Solutions in the 3rd quarter worth about $266,000. Finally, Lord Abbett & CO. LLC grew its position in 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 buying an additional 13,676 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Aris Water Solutions

In related news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. The trade was a 12.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction that occurred 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 sold 1,070,604 shares of company stock worth $29,817,145 over the last quarter. 23.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Aris Water Solutions Stock Up 0.1 %

Shares of ARIS traded up $0.02 during trading hours on Tuesday, hitting $25.54. The company had a trading volume of 74,786 shares, compared to its average volume of 571,014. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 32.09 and a beta of 1.85. The firm has a fifty day moving average price of $28.05 and a 200-day moving average price of $25.99. Aris Water Solutions, Inc. has a 52-week low of $13.34 and a 52-week 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.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.19%. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio (DPR) is 70.00%.

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.