Segall Bryant & Hamill LLC Sells 99,036 Shares of Aris Water Solutions, Inc. (NYSE:ARIS)

Segall Bryant & Hamill LLC lessened its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 33.7% during the fourth quarter, Holdings Channel reports. The fund owned 195,027 shares of the company’s stock after selling 99,036 shares during the period. Segall Bryant & Hamill LLC’s holdings in Aris Water Solutions were worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position 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 valued at $6,783,000 after purchasing an additional 216,158 shares during the period. Barclays PLC grew its stake in Aris Water Solutions by 277.0% in 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 during the last quarter. State Street Corp raised its holdings in Aris Water Solutions by 13.8% in the 3rd 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 during the period. HighTower Advisors LLC lifted its position in Aris Water Solutions by 66.2% during the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock worth $361,000 after acquiring an additional 8,499 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Aris Water Solutions during the third quarter worth approximately $266,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ARIS. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Wells Fargo & Company boosted their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Citigroup reaffirmed a “neutral” rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective 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. Finally, The Goldman Sachs Group raised their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions has an average rating of “Hold” and an average price target of $27.00.

Insider Activity at Aris Water Solutions

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now owns 44,827 shares of the company’s stock, valued at approximately $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. Insiders have sold 1,433,195 shares of company stock valued at $38,936,166 over the last three months. 22.46% of the stock is owned by insiders.

Aris Water Solutions Trading Up 1.4 %

Shares of Aris Water Solutions stock opened at $33.09 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 12-month low of $12.44 and a 12-month high of $33.95. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 41.37 and a beta of 1.88. The firm’s 50-day moving average price is $28.74 and its two-hundred day moving average price is $23.97.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.14 per share. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 1.69%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 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.