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

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) COO Brunt David Dylan Van sold 32,305 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.15, for a total value of $973,995.75. Following the sale, the chief operating officer now directly owns 85,656 shares in the company, valued at approximately $2,582,528.40. This represents a 27.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Aris Water Solutions Stock Up 1.5 %

NYSE:ARIS traded up $0.45 during trading hours on Tuesday, reaching $29.44. The company's stock had a trading volume of 1,188,422 shares, compared to its average volume of 496,050. The stock has a 50 day moving average price of $27.75 and a two-hundred day moving average price of $23.18. The company has a market capitalization of $1.72 billion, a P/E ratio of 36.80 and a beta of 1.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a 12 month low of $12.44 and a 12 month high of $32.56.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.90%. Aris Water Solutions's dividend payout ratio is presently 70.00%.

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Hedge Funds Weigh In On Aris Water Solutions

A number of large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its position in shares of Aris Water Solutions by 3.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company's stock worth $65,218,000 after purchasing an additional 81,413 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Aris Water Solutions during the fourth quarter worth $29,663,000. Wellington Management Group LLP increased its position in shares of Aris Water Solutions by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 965,008 shares of the company's stock valued at $23,112,000 after acquiring an additional 9,395 shares during the period. State Street Corp increased its position in shares of Aris Water Solutions by 13.8% in the 3rd 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. Finally, Eagle Asset Management Inc. acquired a new position in shares of Aris Water Solutions in the 3rd quarter valued at $10,828,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ARIS shares. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their target price for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Citigroup reaffirmed a "neutral" rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company boosted their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $27.00.

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.