Aris Water Solutions, Inc. (NYSE:ARIS) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 7,161.6% during the fourth quarter, HoldingsChannel reports. The fund owned 175,441 shares of the company’s stock after buying an additional 173,025 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Aris Water Solutions were worth $4,202,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Whittier Trust Co. lifted its stake 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 valued at $8,370,000 after purchasing an additional 348,994 shares during the last quarter. Intech Investment Management LLC acquired a new position in Aris Water Solutions in the fourth quarter valued at about $237,000. Horizon Kinetics Asset Management LLC purchased a new position in Aris Water Solutions during the fourth quarter worth about $5,492,000. Counterpoint Mutual Funds LLC increased its position in shares of Aris Water Solutions by 602.9% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 74,342 shares of the company’s stock valued at $1,780,000 after acquiring an additional 63,766 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Aris Water Solutions in the 4th quarter valued at approximately $266,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ARIS. Stifel Nicolaus lifted their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Citigroup reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. The Goldman Sachs Group raised their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company raised 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Aris Water Solutions currently has an average rating of “Hold” and an average target price of $27.00.

Insider Transactions at Aris Water Solutions

In other news, COO Brunt David Dylan Van sold 32,305 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the 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. In the last three months, insiders sold 1,910,142 shares of company stock valued at $50,977,332. Insiders own 23.06% of the company’s stock.

Aris Water Solutions Stock Down 0.3 %

ARIS stock opened at $31.93 on Friday. Aris Water Solutions, Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $32.72. The company’s 50 day moving average price is $28.35 and its 200 day moving average price is $23.49. 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 capitalization of $1.87 billion, a price-to-earnings ratio of 39.91 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.75%. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 13th. Aris Water Solutions’s dividend payout ratio (DPR) 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.