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 business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,827 shares of the company’s stock, valued at approximately $1,296,396.84. This represents a 18.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Aris Water Solutions Price Performance

Aris Water Solutions stock opened at $28.99 on Monday. Aris Water Solutions, Inc. has a 1 year low of $12.44 and a 1 year 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 company has a market cap of $1.69 billion, a price-to-earnings ratio of 36.24 and a beta of 1.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Increases Dividend

The firm 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 is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions’s payout ratio is currently 70.00%.

Institutional Investors Weigh In On Aris Water Solutions

Several large investors have recently made changes to their positions in ARIS. Raymond James Financial Inc. acquired a new stake in shares of Aris Water Solutions in the fourth quarter worth $29,663,000. Eagle Asset Management Inc. acquired a new stake in shares of Aris Water Solutions in the third quarter worth $10,828,000. Whittier Trust Co. increased its position in shares of Aris Water Solutions by 70,079.1% in the fourth quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock worth $8,370,000 after acquiring an additional 348,994 shares in the last quarter. NBW Capital LLC increased its position in shares of Aris Water Solutions by 1,191.8% in the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock worth $6,307,000 after acquiring an additional 242,939 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Aris Water Solutions in the fourth quarter worth $5,717,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARIS. Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Citigroup reissued a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. The Goldman Sachs Group boosted 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. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus boosted 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.