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

Aris Water Solutions, Inc. (NYSE:ARIS) insider Nicholas A. Patterson sold 8,299 shares of the firm’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 transaction of $253,949.40. Following the completion of the transaction, the insider now owns 58,228 shares in the company, valued at $1,781,776.80. This represents a 12.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Aris Water Solutions Stock Performance

Shares of Aris Water Solutions stock opened at $28.99 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.69 billion, a P/E ratio of 36.24 and a beta of 1.88. The business has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $23.04. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 annualized dividend 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 currently 70.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group lifted their price target 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 lifted their price target 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. Citigroup reiterated a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Aris Water Solutions has an average rating of “Hold” and a consensus target price of $27.00.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Aris Water Solutions by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company’s stock valued at $365,000 after buying an additional 557 shares during the period. Quarry LP purchased a new position in shares of Aris Water Solutions in the 4th quarter worth about $27,000. Larson Financial Group LLC purchased a new position in shares of Aris Water Solutions in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions in the 4th quarter worth about $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 purchasing an additional 1,368 shares during the last quarter. Hedge funds and other institutional investors 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.