Aris Water Solutions, Inc. (NYSE:ARIS) CFO Stephan E. Tompsett Sells 20,000 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) CFO Stephan E. Tompsett sold 20,000 shares of the firm’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 completion of the sale, the chief financial officer now owns 140,509 shares of the company’s stock, valued at $4,215,270. This trade represents a 12.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Aris Water Solutions Stock Down 0.2 %

ARIS opened at $28.99 on Friday. 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 company has a market cap of $1.69 billion, a price-to-earnings ratio of 36.24 and a beta of 1.88. Aris Water Solutions, Inc. has a one year low of $12.44 and a one year high of $32.56. The business’s fifty day moving average is $27.67 and its two-hundred day moving average is $23.00.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 1.93%. Aris Water Solutions’s payout ratio is currently 70.00%.

Hedge Funds Weigh In On Aris Water Solutions

Several hedge funds have recently added to or reduced their stakes in ARIS. Raymond James Financial Inc. purchased a new stake in shares of Aris Water Solutions in the fourth quarter valued at about $29,663,000. Eagle Asset Management Inc. purchased a new stake in Aris Water Solutions in the 3rd quarter valued at approximately $10,828,000. Whittier Trust Co. grew its holdings in Aris Water Solutions by 70,079.1% during the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock valued at $8,370,000 after buying an additional 348,994 shares during the last quarter. NBW Capital LLC increased its position in Aris Water Solutions by 1,191.8% during the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock worth $6,307,000 after buying an additional 242,939 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Aris Water Solutions in the fourth quarter worth $5,717,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ARIS. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Stifel Nicolaus lifted their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group raised their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company upped their price target 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.00.

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.