Martingale Asset Management L P Sells 31,778 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Martingale Asset Management L P trimmed its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 52.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,804 shares of the company’s stock after selling 31,778 shares during the quarter. Martingale Asset Management L P’s holdings in Aris Water Solutions were worth $690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Aris Water Solutions by 116.3% during 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 in the last quarter. Barclays PLC grew its position in Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after buying an additional 25,790 shares in the last quarter. State Street Corp increased its stake in Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after acquiring an additional 80,490 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Aris Water Solutions by 66.2% during the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after acquiring an additional 8,499 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Aris Water Solutions during the third quarter worth about $266,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total transaction of $27,700,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the company’s 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 completion of the sale, the chief accounting officer now directly owns 44,827 shares in the company, valued at $1,296,396.84. This represents a 18.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,604 shares of company stock valued at $29,817,145. Company insiders own 23.06% of the company’s stock.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $24.69 on Friday. Aris Water Solutions, Inc. has a 1-year low of $13.24 and a 1-year high of $33.95. The firm has a market cap of $1.44 billion, a P/E ratio of 30.86 and a beta of 1.81. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $28.72 and a 200-day moving average of $24.98.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 13th. 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 2.27%. Aris Water Solutions’s dividend payout ratio is 70.00%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ARIS. The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. 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. Stifel Nicolaus upped their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com cut Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Wells Fargo & Company upped their target price 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.00.

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.