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

Martingale Asset Management L P trimmed its holdings in Aris Water Solutions, Inc. (NYSE:ARIS) by 52.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC bought a new position in 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 in the 4th quarter worth $33,000. Bridge City Capital LLC grew its holdings in shares of Aris Water Solutions by 0.8% in the fourth quarter. Bridge City Capital LLC now owns 201,740 shares of the company’s stock worth $4,832,000 after acquiring an additional 1,556 shares during the period. Legal & General Group Plc increased its position in Aris Water Solutions by 38.1% during the fourth quarter. Legal & General Group Plc now owns 5,779 shares of the company’s stock valued at $138,000 after acquiring an additional 1,594 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in Aris Water Solutions by 74.5% in the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock valued at $97,000 after acquiring an additional 1,726 shares during the period. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock opened at $24.69 on Friday. The firm has a market cap of $1.44 billion, a PE ratio of 30.86 and a beta of 1.81. The stock has a 50 day moving average of $28.72 and a 200 day moving average of $24.98. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 12 month low of $13.24 and a 12 month high of $33.95.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.14 dividend. This is a boost 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 2.27%. The ex-dividend date was Thursday, March 13th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 70.00%.

Insider Transactions at Aris Water Solutions

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Brunt David Dylan Van sold 32,305 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total value of $973,995.75. Following the completion of the sale, the chief operating officer now owns 85,656 shares of the company’s stock, valued at approximately $2,582,528.40. This represents a 27.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,604 shares of company stock worth $29,817,145 in the last three months. Insiders own 23.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased 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 research note on Friday, February 28th. Citigroup restated a “neutral” rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. StockNews.com cut Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions currently has an average rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Company 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.