Aris Water Solutions, Inc. (NYSE:ARIS) COO Sells $219,824.92 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) COO Brunt David Dylan Van sold 14,813 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the transaction, the chief operating officer now directly owns 94,690 shares in the company, valued at approximately $1,405,199.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aris Water Solutions Stock Performance

Shares of ARIS traded down $0.15 during mid-day trading on Monday, reaching $15.01. 576,804 shares of the company’s stock traded hands, compared to its average volume of 348,435. The business’s 50-day moving average price is $15.47 and its 200-day moving average price is $13.87. The stock has a market capitalization of $871.95 million, a P/E ratio of 20.85 and a beta of 1.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. Aris Water Solutions, Inc. has a 12 month low of $7.22 and a 12 month high of $17.91.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.80%. Aris Water Solutions’s dividend payout ratio is presently 58.33%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ARIS. Stifel Nicolaus raised their target price on shares of Aris Water Solutions from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Evercore ISI raised their target price on shares of Aris Water Solutions from $16.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Citigroup lifted their price target on Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.93.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in Aris Water Solutions by 31.9% in the fourth quarter. SG Americas Securities LLC now owns 16,101 shares of the company’s stock worth $135,000 after buying an additional 3,897 shares during the last quarter. Strs Ohio grew its position in Aris Water Solutions by 238.4% in the fourth quarter. Strs Ohio now owns 55,500 shares of the company’s stock worth $465,000 after buying an additional 39,100 shares during the last quarter. New York State Common Retirement Fund grew its position in Aris Water Solutions by 44.9% in the fourth quarter. New York State Common Retirement Fund now owns 48,656 shares of the company’s stock worth $408,000 after buying an additional 15,086 shares during the last quarter. Van ECK Associates Corp grew its position in Aris Water Solutions by 23.7% in the fourth quarter. Van ECK Associates Corp now owns 187,474 shares of the company’s stock worth $1,573,000 after buying an additional 35,870 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Aris Water Solutions by 47.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 34,790 shares of the company’s stock worth $292,000 after buying an additional 11,120 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.