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 on Wednesday, March 12th. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer now directly owns 140,509 shares in the company, valued at approximately $4,215,270. The trade was a 12.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Aris Water Solutions Trading Down 0.2 %

ARIS stock opened at $28.99 on Monday. The company’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $23.09. 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 market cap of $1.69 billion, a P/E ratio of 36.24 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.14 per share. 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 an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio is 70.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp acquired a new position in shares of Aris Water Solutions during the 4th quarter worth about $533,000. Voloridge Investment Management LLC acquired a new position in shares of Aris Water Solutions during the 4th quarter worth about $358,000. Westwood Holdings Group Inc. acquired a new position in shares of Aris Water Solutions during the 4th quarter worth about $332,000. Squarepoint Ops LLC acquired a new position in shares of Aris Water Solutions during the 4th quarter worth about $1,569,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Aris Water Solutions during the 4th quarter worth about $220,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ARIS. Stifel Nicolaus upped their price target 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 upped their price target 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. The Goldman Sachs Group upped their price target 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. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Citigroup reissued a “neutral” rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aris Water Solutions has an average rating of “Hold” and an average 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.