Aris Water Solutions, Inc. (NYSE:ARIS) Insider Nicholas A. Patterson Sells 8,299 Shares

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) insider Nicholas A. Patterson sold 8,299 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, the insider now directly owns 58,228 shares of the company's stock, valued at $1,781,776.80. The trade was a 12.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS traded up $0.45 during trading hours on Tuesday, reaching $29.44. The stock had a trading volume of 1,188,422 shares, compared to its average volume of 496,050. The business's fifty day moving average is $27.75 and its two-hundred day moving average is $23.18. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 36.80 and a beta of 1.88. Aris Water Solutions, Inc. has a twelve month low of $12.44 and a twelve month high of $32.56.

Aris Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change 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 dividend payout ratio is presently 70.00%.

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Institutional Trading of Aris Water Solutions

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in Aris Water Solutions by 116.3% in the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock valued at $6,783,000 after acquiring an additional 216,158 shares during the period. Barclays PLC grew its position in Aris Water Solutions by 277.0% in the third quarter. Barclays PLC now owns 35,102 shares of the company's stock valued at $592,000 after acquiring an additional 25,790 shares during the period. State Street Corp grew its position in Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company's stock valued at $11,173,000 after acquiring an additional 80,490 shares during the period. HighTower Advisors LLC grew its position in Aris Water Solutions by 66.2% in the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company's stock valued at $361,000 after acquiring an additional 8,499 shares during the period. Finally, Franklin Resources Inc. bought a new stake in Aris Water Solutions in the third quarter valued at $266,000. 39.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ARIS shares. Stifel Nicolaus upped their target price 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. Citigroup reiterated a "neutral" rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price target for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. The Goldman Sachs Group upped their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company upped their price target on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.