Prudential Financial Inc. Has $348,000 Stock Position in Aris Water Solutions, Inc. (NYSE:ARIS)

Prudential Financial Inc. decreased its stake in shares of Aris Water Solutions, Inc. (NYSE:ARIS) by 77.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,550 shares of the company’s stock after selling 48,800 shares during the quarter. Prudential Financial Inc.’s holdings in Aris Water Solutions were worth $348,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARIS. JPMorgan Chase & Co. increased 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 acquiring an additional 216,158 shares during the period. Barclays PLC raised its holdings 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 worth $592,000 after buying an additional 25,790 shares in the last quarter. State Street Corp raised its holdings 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 worth $11,173,000 after buying an additional 80,490 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of 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 buying an additional 8,499 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Aris Water Solutions in the 3rd quarter valued at $266,000. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Trading Down 8.6 %

Shares of NYSE ARIS opened at $24.63 on Friday. Aris Water Solutions, Inc. has a 1-year low of $13.24 and a 1-year high of $33.95. The company has a 50-day moving average of $28.75 and a two-hundred day moving average of $24.93. The company has a market cap of $1.44 billion, a PE ratio of 30.78 and a beta of 1.81. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.27%. The ex-dividend date was Thursday, March 13th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is 70.00%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARIS. Evercore ISI lowered 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 note on Wednesday, January 15th. Stifel Nicolaus increased their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. StockNews.com lowered shares of Aris Water Solutions from a “hold” rating to a “sell” rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company boosted their target price 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.00.

Insiders Place Their Bets

In related news, insider Nicholas A. Patterson sold 8,299 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the completion of the sale, the insider now directly owns 58,228 shares of the company’s stock, valued at $1,781,776.80. The trade was a 12.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,070,604 shares of company stock valued at $29,817,145. 23.06% of the stock is currently owned by corporate insiders.

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.