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 Aris Water Solutions stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 of the company’s stock, valued at $1,781,776.80. This represents a 12.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Aris Water Solutions Stock Performance

NYSE ARIS opened at $28.99 on Friday. Aris Water Solutions, Inc. has a 52-week low of $12.44 and a 52-week 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. The company has a market capitalization of $1.69 billion, a P/E ratio of 36.24 and a beta of 1.88. The company has a fifty day moving average of $27.67 and a 200-day moving average of $23.00.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.14 dividend. The ex-dividend date is Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.93%. Aris Water Solutions’s payout ratio is currently 70.00%.

Institutional Trading of Aris Water Solutions

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in Aris Water Solutions in the fourth quarter worth $27,000. Larson Financial Group LLC bought a new position in shares of Aris Water Solutions during the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new position in shares of Aris Water Solutions during the fourth quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aris Water Solutions during the fourth quarter valued at about $52,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions during the third quarter valued at about $39,000. 39.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARIS. Citigroup restated a “neutral” rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Stifel Nicolaus boosted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.

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.