Aris Water Solutions, Inc. (NYSE:ARIS) CFO Sells $600,000.00 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) CFO Stephan E. Tompsett sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the chief financial officer now owns 140,509 shares in the company, valued at $4,215,270. The trade was a 12.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Aris Water Solutions Stock Performance

Shares of Aris Water Solutions stock opened at $28.99 on Friday. The firm’s fifty day simple moving average is $27.67 and its 200-day simple moving average is $23.04. 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, Inc. has a 12 month low of $12.44 and a 12 month high of $32.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.93%. 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. Aris Water Solutions’s payout ratio is presently 70.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on ARIS. The Goldman Sachs Group upped their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company upped their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Citigroup reaffirmed a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Aris Water Solutions has an average rating of “Hold” and a consensus target price of $27.00.

Hedge Funds Weigh In On Aris Water Solutions

Institutional investors have recently modified their holdings of the business. Quarry LP acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at $27,000. Larson Financial Group LLC acquired a new position in Aris Water Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions in the 4th quarter valued at $33,000. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions in the 3rd quarter valued at $39,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Aris Water Solutions in the 4th quarter valued at $52,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.