1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership cut its stake in shares of Aris Water Solutions, Inc. ( NYSE:ARIS – Free Report ) by 39.5% in the fourth quarter, Holdings Channel reports.
The firm owned 241,125 shares of the company’s stock after selling 157,121 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Aris Water Solutions were worth $5,775,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also added to or reduced their stakes in the company.
Larson Financial Group LLC acquired a new stake in Aris Water Solutions in the fourth quarter worth $28,000. SBI Securities Co. Ltd.
bought a new stake in shares of Aris Water Solutions in the 4th quarter valued at $33,000. Intech Investment Management LLC acquired a new stake in Aris Water Solutions during the 4th quarter worth $237,000. SG Americas Securities LLC lifted its holdings in Aris Water Solutions by 48.
1% during the fourth quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after acquiring an additional 3,554 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Aris Water Solutions in the fourth quarter valued at about $266,000.
Institutional investors own 39.71% of the company’s stock. Insider Activity at Aris Water Solutions In related 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 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 legal filing with the Securities & Exchange Commission, which is available through this link . Also, CFO Stephan E. Tompsett sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 12th.
The stock was sold at an average price of $30.00, for a total transaction of $600,000.00.
Following the transaction, the chief financial officer now owns 140,509 shares in the company, valued at approximately $4,215,270. The trade was a 12.46 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last quarter, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. 23.
06% of the stock is owned by insiders. Aris Water Solutions Stock Performance Aris Water Solutions Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.
14 dividend. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11.
The ex-dividend date was Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.
15%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 70.00%.
Wall Street Analyst Weigh In Several equities analysts have recently weighed in on ARIS shares. StockNews.com cut Aris Water Solutions from a “hold” rating to a “sell” rating in a report on Friday.
The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th.
Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th.
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 research report on Tuesday, December 17th.
Finally, Citigroup reiterated a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th.
One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions presently has an average rating of “Hold” and an average target price of $27.00.
Get Our Latest Analysis on Aris Water Solutions Aris Water Solutions Company Profile ( Free Report ) 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.
Featured Articles Want to see what other hedge funds are holding ARIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aris Water Solutions, Inc. ( NYSE:ARIS – Free Report ).
Receive News & Ratings for Aris Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aris Water Solutions and related companies with MarketBeat.com's FREE daily email newsletter ..
