Aris Water Solutions, Inc. (NYSE:ARIS) Insider Sells $253,949.40 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions 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 sale, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. The trade was a 12.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $28.99 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $27.67 and a 200 day moving average price of $23.09. The company has a market cap of $1.69 billion, a P/E ratio of 36.24 and a beta of 1.88. 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 announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is presently 70.00%.

Hedge Funds Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Aris Water Solutions by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company’s stock worth $365,000 after purchasing an additional 557 shares in the last quarter. Quarry LP acquired a new position in shares of Aris Water Solutions during the fourth quarter worth $27,000. Larson Financial Group LLC acquired a new position in shares of Aris Water Solutions during the fourth quarter worth $28,000. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions in the fourth quarter valued at $33,000. Finally, Centiva Capital LP boosted its stake in Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company’s stock valued at $327,000 after acquiring an additional 1,368 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Wells Fargo & Company boosted 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. Stifel Nicolaus boosted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup restated a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Aris Water Solutions presently has a consensus rating of “Hold” and a consensus target price of $27.00.

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.