Whittier Trust Co. Raises Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Whittier Trust Co. increased its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 70,079.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 349,492 shares of the company’s stock after buying an additional 348,994 shares during the period. Whittier Trust Co. owned 0.60% of Aris Water Solutions worth $8,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC purchased a new stake in Aris Water Solutions during the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new stake in Aris Water Solutions during the fourth quarter valued at about $33,000. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions during the third quarter valued at about $39,000. Janus Henderson Group PLC raised its position in Aris Water Solutions by 7.0% during the third quarter. Janus Henderson Group PLC now owns 40,596 shares of the company’s stock valued at $685,000 after purchasing an additional 2,663 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Aris Water Solutions by 10.4% during the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock valued at $806,000 after purchasing an additional 3,179 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Stock Up 0.8 %

NYSE ARIS opened at $32.11 on Friday. 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 stock has a market capitalization of $1.88 billion, a PE ratio of 40.14 and a beta of 1.88. Aris Water Solutions, Inc. has a 1 year low of $12.44 and a 1 year high of $32.72. The business’s 50-day moving average is $28.21 and its 200 day moving average is $23.39.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is 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 dividend yield of 1.74%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 70.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. 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 research report on Wednesday, January 8th. Evercore ISI downgraded 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 report on Wednesday, January 15th. 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 report on Friday, February 28th. Finally, US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Aris Water Solutions has an average rating of “Hold” and a consensus target price of $27.00.

Insider Buying and Selling

In other Aris Water Solutions 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 sale, the chief operating officer now directly owns 85,656 shares of the company’s stock, valued at approximately $2,582,528.40. The trade was a 27.39 % decrease in their position. The transaction 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 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 value of $27,700,000.00. The disclosure for this sale can be found here. Insiders have sold 1,910,142 shares of company stock valued at $50,977,332 over the last ninety days. 23.06% of the stock is owned by insiders.

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.