Whittier Trust Co. Purchases 348,994 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Whittier Trust Co. raised its position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 70,079.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 349,492 shares of the company’s stock after acquiring an additional 348,994 shares during the period. Whittier Trust Co.’s holdings in Aris Water Solutions were worth $8,370,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC purchased a new position in shares of Aris Water Solutions during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions during the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions during the third quarter valued at approximately $39,000. Janus Henderson Group PLC lifted its holdings in shares of 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 during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of 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 during the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder S Corp Gable sold 160,539 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $25.18, for a total transaction of $4,042,372.02. Following the sale, the insider now directly owns 2,951,199 shares of the company’s stock, valued at approximately $74,311,190.82. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,910,142 shares of company stock worth $50,977,332. Insiders own 23.06% of the company’s stock.

Aris Water Solutions Price Performance

Shares of NYSE ARIS opened at $32.11 on Friday. The firm has a market cap of $1.88 billion, a P/E ratio of 40.14 and a beta of 1.88. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $28.21 and a 200 day moving average of $23.39. Aris Water Solutions, Inc. has a twelve month low of $12.44 and a twelve month high of $32.72.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a yield of 1.74%. Aris Water Solutions’s payout ratio is currently 70.00%.

Wall Street Analyst Weigh In

Several research firms have recently 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 report on Thursday, December 19th. Stifel Nicolaus boosted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.00.

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.