Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Aris Water Solutions Price Performance
Shares of ARIS stock traded down $0.10 on Friday, reaching $31.93. The company's stock had a trading volume of 1,194,917 shares, compared to its average volume of 507,807. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 39.91 and a beta of 1.88. The stock's fifty day simple moving average is $28.35 and its 200-day simple moving average is $23.54. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 1 year low of $12.44 and a 1 year 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. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. This is a boost from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions's payout ratio is presently 70.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Aris Water Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock worth $365,000 after buying an additional 557 shares during the period. Quarry LP bought a new position in Aris Water Solutions in the fourth quarter worth approximately $27,000. Larson Financial Group LLC purchased a new stake in shares of Aris Water Solutions in the 4th quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $33,000. Finally, Centiva Capital LP raised its position in shares of Aris Water Solutions by 11.1% in the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company's stock worth $327,000 after acquiring an additional 1,368 shares in the last quarter. Institutional investors own 39.71% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Stifel Nicolaus upped their price target on shares of 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 restated a "neutral" rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. US Capital Advisors cut Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their target price for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group increased their price objective 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $27.00.
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Aris Water Solutions Company Profile
(
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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.
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