Aris Water Solutions, Inc. (NYSE:ARIS) COO Brunt David Dylan Van Sells 32,305 Shares

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 sale, the chief operating officer now directly owns 85,656 shares of the company’s stock, valued at approximately $2,582,528.40. This trade represents a 27.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Aris Water Solutions Stock Down 0.2 %

NYSE ARIS opened at $28.99 on Friday. 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 company has a fifty day moving average of $27.67 and a two-hundred day moving average of $23.00. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 36.24 and a beta of 1.88. Aris Water Solutions, Inc. has a 52 week low of $12.44 and a 52 week high of $32.56.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.93%. 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. Aris Water Solutions’s payout ratio is presently 70.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in Aris Water Solutions by 3.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock worth $65,218,000 after buying an additional 81,413 shares during the period. Raymond James Financial Inc. purchased a new position in Aris Water Solutions during the fourth quarter worth $29,663,000. Wellington Management Group LLP boosted its stake in Aris Water Solutions by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock worth $23,112,000 after buying an additional 9,395 shares during the period. State Street Corp boosted its stake in Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after buying an additional 80,490 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in shares of Aris Water Solutions during the third quarter worth $10,828,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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