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 dated 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 in the company, valued at $2,582,528.40. This trade represents a 27.39 % 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 Price Performance

Shares of NYSE:ARIS opened at $28.99 on Friday. The firm’s 50 day moving average price is $27.67 and its 200-day moving average price is $23.00. Aris Water Solutions, Inc. has a twelve month low of $12.44 and a twelve month high of $32.56. 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 stock has a market capitalization of $1.69 billion, a PE ratio of 36.24 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio is 70.00%.

Hedge Funds Weigh In On Aris Water Solutions

Institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its stake in Aris Water Solutions by 3.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock worth $65,218,000 after acquiring an additional 81,413 shares during the period. Raymond James Financial Inc. bought a new stake in Aris Water Solutions during the 4th quarter worth approximately $29,663,000. Wellington Management Group LLP raised its stake in Aris Water Solutions by 1.0% during the 4th 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 period. State Street Corp raised its stake in Aris Water Solutions by 13.8% during the 3rd 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 period. Finally, Eagle Asset Management Inc. bought a new stake in Aris Water Solutions during the 3rd quarter worth approximately $10,828,000. Institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. The Goldman Sachs Group increased their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Stifel Nicolaus increased their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Citigroup restated 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, Wells Fargo & Company upped 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 research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.