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

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

Aris Water Solutions Trading Down 0.2 %

NYSE ARIS opened at $28.99 on Friday. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 36.24 and a beta of 1.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a one year low of $12.44 and a one year high of $32.56. The company’s 50 day moving average price is $27.67 and its 200 day moving average price is $23.00.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued 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 payout ratio is presently 70.00%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus raised their price target on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Evercore ISI downgraded 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 research note on Wednesday, January 15th. Citigroup reissued a “neutral” rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Four 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, the stock has an average rating of “Hold” and a consensus target price of $27.00.

Institutional Trading of Aris Water Solutions

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

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.