Jeffrey K. Hunt Sells 10,000 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) Stock

Aris Water Solutions, Inc. (NYSE:ARIS) CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now directly owns 44,827 shares of the company’s stock, valued at $1,296,396.84. This represents a 18.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Aris Water Solutions Stock Down 0.2 %

ARIS stock opened at $28.99 on Friday. The company’s 50 day simple moving average is $27.67 and its 200-day simple moving average is $23.04. The firm has a market capitalization of $1.69 billion, a PE ratio of 36.24 and a beta of 1.88. Aris Water Solutions, Inc. has a 12 month low of $12.44 and a 12 month high of $32.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

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 given a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 1.93%. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio (DPR) is 70.00%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group increased their target price 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. Stifel Nicolaus increased their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Institutional Trading of Aris Water Solutions

A number of hedge funds have recently bought and sold shares of ARIS. Principal Financial Group Inc. acquired a new stake in Aris Water Solutions during the third quarter worth approximately $514,000. Meeder Asset Management Inc. acquired a new stake in Aris Water Solutions during the third quarter worth approximately $39,000. Advisors Asset Management Inc. boosted 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 acquiring an additional 7,281 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Aris Water Solutions during the third quarter worth approximately $10,828,000. Finally, Martingale Asset Management L P boosted its holdings in shares of Aris Water Solutions by 81.0% in the 3rd quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock valued at $1,022,000 after purchasing an additional 27,109 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.