Aris Water Solutions, Inc. (NYSE:ARIS) COO Sells $973,995.75 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) COO Brunt David Dylan Van sold 32,305 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total transaction of $973,995.75. Following the completion of the transaction, the chief operating officer now directly owns 85,656 shares in the company, valued at approximately $2,582,528.40. This represents a 27.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS opened at $28.99 on Monday. 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 firm has a market cap of $1.69 billion, a PE ratio of 36.24 and a beta of 1.88. The company’s 50 day moving average price is $27.67 and its two-hundred day moving average price is $23.09. Aris Water Solutions, Inc. has a 12-month low of $12.44 and a 12-month high of $32.56.

Aris Water Solutions Increases Dividend

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

Analysts Set New Price Targets

ARIS has been the topic of several research analyst reports. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Citigroup reissued a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Wells Fargo & Company increased their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.00.

Institutional Trading of Aris Water Solutions

Large investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $27,000. Larson Financial Group LLC acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $33,000. Meeder Asset Management Inc. acquired a new stake in shares of Aris Water Solutions during the 3rd quarter worth approximately $39,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.