Aris Water Solutions, Inc. (NYSE:ARIS) CAO Sells $289,200.00 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) CAO Jeffrey K. Hunt sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now directly owns 44,827 shares in the company, valued at $1,296,396.84. The trade was a 18.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Aris Water Solutions Stock Down 0.2 %

Shares of NYSE ARIS opened at $28.99 on Monday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 52 week low of $12.44 and a 52 week high of $32.56. The firm has a 50-day moving average price of $27.67 and a 200 day moving average price of $23.09. The stock 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 Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ARIS. Citigroup reissued a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Stifel Nicolaus lifted 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 lifted 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 downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.00.

Institutional Trading of Aris Water Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in shares of Aris Water Solutions by 3.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock valued at $65,218,000 after purchasing an additional 81,413 shares during the period. Raymond James Financial Inc. acquired a new position in Aris Water Solutions during the fourth quarter worth about $29,663,000. Wellington Management Group LLP raised its position 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 acquiring an additional 9,395 shares during the last quarter. State Street Corp raised its position 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 acquiring an additional 80,490 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in Aris Water Solutions during the third quarter worth about $10,828,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.