Virtu Financial LLC Makes New $624,000 Investment in Aris Water Solutions, Inc. (NYSE:ARIS)

Virtu Financial LLC bought a new position in shares of Aris Water Solutions, Inc. (NYSE:ARIS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 26,051 shares of the company’s stock, valued at approximately $624,000.

Several other institutional investors also recently bought and sold shares of ARIS. Quantbot Technologies LP acquired a new stake in shares of Aris Water Solutions in the fourth quarter worth approximately $804,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Aris Water Solutions by 7,161.6% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 175,441 shares of the company’s stock worth $4,202,000 after purchasing an additional 173,025 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Aris Water Solutions by 70,079.1% in the fourth quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock valued at $8,370,000 after purchasing an additional 348,994 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Aris Water Solutions in the 4th quarter worth $237,000. Finally, Horizon Kinetics Asset Management LLC purchased a new position in shares of Aris Water Solutions during the 4th quarter worth $5,492,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Stock Up 2.2 %

Shares of NYSE ARIS opened at $33.25 on Wednesday. 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 business’s 50 day moving average is $28.57 and its two-hundred day moving average is $23.84. Aris Water Solutions, Inc. has a 52-week low of $12.44 and a 52-week high of $33.91. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 41.56 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is currently 70.00%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ARIS. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. The Goldman Sachs Group raised their price target 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. Citigroup reiterated a “neutral” rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their target price on 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Aris Water Solutions currently has an average rating of “Hold” and an average target price of $27.00.

Insider Buying and Selling

In other news, major shareholder S Corp Gable sold 316,408 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $25.28, for a total transaction of $7,998,794.24. Following the sale, the insider now owns 2,634,791 shares of the company’s stock, valued at approximately $66,607,516.48. This represents a 10.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total value of $253,949.40. Following the completion of the transaction, the insider now owns 58,228 shares of the company’s stock, valued at approximately $1,781,776.80. This trade represents a 12.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,749,603 shares of company stock valued at $46,934,960. Corporate insiders own 23.06% of the company’s stock.

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.