Segall Bryant & Hamill LLC Has $4.67 Million Stock Holdings in Aris Water Solutions, Inc. (NYSE:ARIS)

Segall Bryant & Hamill LLC lowered its stake in Aris Water Solutions, Inc. (NYSE:ARIS) by 33.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 195,027 shares of the company’s stock after selling 99,036 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.33% of Aris Water Solutions worth $4,671,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in 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 buying an additional 216,158 shares during the period. Barclays PLC increased its stake in shares of 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 acquiring an additional 25,790 shares during the last quarter. State Street Corp raised its position in shares of 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 boosted its stake in Aris Water Solutions by 66.2% during the 3rd 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. acquired a new position in Aris Water Solutions during the third quarter valued at approximately $266,000. 39.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider S Corp Gable sold 31,410 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total transaction of $786,506.40. Following the completion of the transaction, the insider now directly owns 2,599,740 shares of the company’s stock, valued at approximately $65,097,489.60. This represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $27,700,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,433,195 shares of company stock worth $38,936,166. 22.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Citigroup reissued 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. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company increased their price target on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Stock Up 1.4 %

Shares of Aris Water Solutions stock opened at $33.09 on Friday. Aris Water Solutions, Inc. has a 52-week low of $12.44 and a 52-week high of $33.95. 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 business’s 50 day simple moving average is $28.74 and its 200 day simple moving average is $23.97. The firm has a market cap of $1.93 billion, a PE ratio of 41.37 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is currently 70.00%.

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.