26,051 Shares in Aris Water Solutions, Inc. (NYSE:ARIS) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,051 shares of the company’s stock, valued at approximately $624,000.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Aris Water Solutions by 116.3% in the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after acquiring an additional 216,158 shares during the period. Barclays PLC grew its holdings in Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after buying an additional 25,790 shares in the last quarter. State Street Corp grew its stake in Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after acquiring an additional 80,490 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Aris Water Solutions by 66.2% during the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after purchasing an additional 8,499 shares in the last quarter. Finally, Franklin Resources Inc. bought a new stake in Aris Water Solutions in the 3rd quarter worth approximately $266,000. 39.71% of the stock is currently owned by institutional investors.

Insider Activity at Aris Water Solutions

In other news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the completion of the sale, 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 filing with the SEC, which is accessible through the SEC website. Also, insider S Corp Gable sold 31,410 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $25.04, for a total value of $786,506.40. Following the sale, the insider now owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. The trade was a 1.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,749,603 shares of company stock valued at $46,934,960 in the last ninety days. Corporate insiders own 23.06% of the company’s stock.

Aris Water Solutions Stock Up 2.2 %

NYSE:ARIS opened at $33.25 on Wednesday. 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 stock has a market capitalization of $1.94 billion, a P/E ratio of 41.56 and a beta of 1.88. The company’s 50-day simple moving average is $28.57 and its 200-day simple moving average is $23.84. Aris Water Solutions, Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $33.91.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.68%. Aris Water Solutions’s dividend payout ratio is presently 70.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ARIS shares. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Citigroup reaffirmed a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Wells Fargo & Company raised their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, 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 note on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.