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 that occurred on 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 of the company’s stock, valued at approximately $2,582,528.40. The trade was a 27.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aris Water Solutions Trading Down 0.2 %

NYSE:ARIS 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 stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 36.24 and a beta of 1.88. The firm has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.93%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 70.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price target for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their target price 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. Wells Fargo & Company lifted their target price 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. Citigroup reissued a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lifted 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 note on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Aris Water Solutions currently has a consensus rating of “Hold” and an average price target of $27.00.

Institutional Investors Weigh In On Aris Water Solutions

A number of large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new stake in Aris Water Solutions in the fourth quarter worth $533,000. Voloridge Investment Management LLC acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at about $358,000. Westwood Holdings Group Inc. acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at about $332,000. Squarepoint Ops LLC acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at about $1,569,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at about $220,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.