Brunt David Dylan Van Sells 32,305 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) Stock

Aris Water Solutions, Inc. (NYSE:ARIS) COO Brunt David Dylan Van sold 32,305 shares of Aris Water Solutions 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 transaction, the chief operating officer now directly owns 85,656 shares of the company’s stock, valued at approximately $2,582,528.40. This trade represents a 27.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Aris Water Solutions Trading Down 0.2 %

Shares of NYSE:ARIS opened at $28.99 on Friday. 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, Inc. has a 1 year low of $12.44 and a 1 year high of $32.56. The company has a market cap of $1.69 billion, a P/E ratio of 36.24 and a beta of 1.88. The stock’s fifty day moving average price is $27.67 and its 200-day moving average price is $23.04.

Aris Water Solutions Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ARIS shares. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on 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. Stifel Nicolaus boosted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group upped their price target 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Hold” and an average target price of $27.00.

Institutional Trading of Aris Water Solutions

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Aris Water Solutions by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company’s stock worth $365,000 after purchasing an additional 557 shares during the last quarter. Quarry LP bought a new position in shares of Aris Water Solutions in the 4th quarter worth approximately $27,000. Larson Financial Group LLC purchased a new position in Aris Water Solutions during the fourth quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new position in Aris Water Solutions during the fourth quarter valued at approximately $33,000. Finally, Centiva Capital LP boosted its stake in shares of Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company’s stock worth $327,000 after acquiring an additional 1,368 shares during the period. Hedge funds and other institutional investors own 39.71% of the company’s stock.

About Aris Water Solutions

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.