Aris Water Solutions, Inc. (NYSE:ARIS) Director Sells $38,085.00 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Aris Water Solutions Stock Down 2.4 %

NYSE ARIS opened at $23.95 on Friday. The business’s fifty day simple moving average is $17.77 and its 200-day simple moving average is $16.39. 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 firm has a market cap of $1.39 billion, a PE ratio of 29.94 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.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Hedge Funds Weigh In On Aris Water Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Eagle Asset Management Inc. purchased a new position in shares of Aris Water Solutions during the 3rd quarter worth $10,828,000. American Century Companies Inc. increased its position in shares of Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after acquiring an additional 284,788 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Aris Water Solutions by 32.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after acquiring an additional 139,259 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Aris Water Solutions by 988.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after purchasing an additional 125,281 shares during the period. Finally, Nicholas Investment Partners LP acquired a new stake in Aris Water Solutions in the 2nd quarter valued at approximately $1,703,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.