Aris Water Solutions, Inc. (NYSE:ARIS) Director Debra Coy Sells 1,500 Shares

Aris Water Solutions, Inc. (NYSE:ARIS) Director Debra Coy sold 1,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Aris Water Solutions Trading Down 2.4 %

Shares of NYSE ARIS traded down $0.60 during trading hours on Wednesday, reaching $24.51. The stock had a trading volume of 379,940 shares, compared to its average volume of 363,095. The business’s fifty day moving average price is $17.26 and its two-hundred day moving average price is $16.21. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 31.10 and a beta of 1.62. Aris Water Solutions, Inc. has a 52-week low of $7.22 and a 52-week high of $26.34. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.71%. Aris Water Solutions’s payout ratio is currently 52.50%.

Analyst Upgrades and Downgrades

ARIS has been the topic of several recent research reports. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Stifel Nicolaus increased their target price on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI raised their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. US Capital Advisors raised Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group boosted their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aris Water Solutions has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Institutional Trading of Aris Water Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in shares of Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after purchasing an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions in the second quarter worth approximately $27,000. Kings Path Partners LLC lifted its holdings in Aris Water Solutions by 2.6% during the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock worth $1,134,000 after buying an additional 1,735 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Aris Water Solutions by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after acquiring an additional 1,902 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions in the 3rd quarter valued at $39,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

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.