Aris Water Solutions, Inc. (NYSE:ARIS) CFO Sells $600,000.00 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) CFO Stephan E. Tompsett sold 20,000 shares of Aris Water Solutions stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer now owns 140,509 shares of the company's stock, valued at approximately $4,215,270. The trade was a 12.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Aris Water Solutions Trading Up 1.5 %

NYSE:ARIS traded up $0.45 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 firm has a market cap of $1.72 billion, a PE ratio of 36.80 and a beta of 1.88. The business's 50-day moving average price is $27.75 and its two-hundred day moving average price is $23.18. Aris Water Solutions, Inc. has a 1-year low of $12.44 and a 1-year high of $32.56. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued 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 payout ratio is 70.00%.

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Wall Street Analyst Weigh In

ARIS has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company 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 note on Thursday, December 19th. Evercore ISI cut 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 note on Wednesday, January 15th. Citigroup reaffirmed a "neutral" rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Finally, US Capital Advisors cut Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $27.00.

Institutional Trading of Aris Water Solutions

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in Aris Water Solutions during the third quarter worth about $514,000. Meeder Asset Management Inc. bought a new stake in Aris Water Solutions during the third quarter worth about $39,000. Advisors Asset Management Inc. increased its position in Aris Water Solutions by 53.0% during the third quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company's stock worth $355,000 after buying an additional 7,281 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in Aris Water Solutions during the third quarter worth approximately $10,828,000. Finally, Martingale Asset Management L P increased its position in Aris Water Solutions by 81.0% during the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company's stock worth $1,022,000 after buying an additional 27,109 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

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.