Insider Selling: Aris Water Solutions, Inc. (NYSE:ARIS) Director Sells 1,500 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the sale, the director now owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Aris Water Solutions Stock Performance

Shares of Aris Water Solutions stock opened at $24.55 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 stock’s fifty day moving average price is $17.59 and its 200-day moving average price is $16.33. The firm has a market cap of $1.43 billion, a P/E ratio of 30.69 and a beta of 1.62. Aris Water Solutions, Inc. has a 12 month low of $7.22 and a 12 month high of $26.34.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is 52.50%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ARIS. Evercore ISI increased their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. US Capital Advisors upgraded Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Stifel Nicolaus upped their price target on shares of Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Institutional Investors Weigh In On Aris Water Solutions

Several large investors have recently modified their holdings of the business. Rhumbline Advisers boosted its stake in shares of Aris Water Solutions by 1.7% during the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after purchasing an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions during the 2nd quarter valued at $27,000. Kings Path Partners LLC boosted its position in Aris Water Solutions by 2.6% during the 3rd quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after acquiring an additional 1,735 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Aris Water Solutions by 9.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after acquiring an additional 1,902 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions in the 3rd quarter worth $39,000. 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.