Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells $27,700,000.00 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Aris Water Solutions Trading Down 0.3 %

Shares of ARIS opened at $31.93 on Friday. The stock has a fifty day moving average of $28.35 and a two-hundred day moving average of $23.49. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $1.87 billion, a PE ratio of 39.91 and a beta of 1.88. Aris Water Solutions, Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $32.72.

Aris Water Solutions Increases Dividend

The business 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 dividend of $0.14 per share. 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. This represents a $0.56 annualized dividend and a dividend yield of 1.75%. Aris Water Solutions’s payout ratio is currently 70.00%.

Institutional Trading of Aris Water Solutions

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ARIS. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Citigroup restated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group lifted their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions currently has a consensus 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.