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 stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS opened at $23.95 on Friday. 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, Inc. has a 12 month low of $7.22 and a 12 month high of $26.34. The firm has a market capitalization of $1.39 billion, a P/E ratio of 29.94 and a beta of 1.62. The company’s fifty day moving average price is $17.77 and its 200 day moving average price is $16.39.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.105 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.75%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Aris Water Solutions by 3.0% in the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock valued at $10,450,000 after acquiring an additional 18,304 shares during the period. Barclays PLC grew its position in Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after purchasing an additional 25,790 shares during the last quarter. State Street Corp raised its holdings in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after buying an additional 80,490 shares during the last quarter. Stifel Financial Corp increased its position in Aris Water Solutions by 61.9% in the 3rd quarter. Stifel Financial Corp now owns 21,887 shares of the company’s stock valued at $369,000 after acquiring an additional 8,372 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Aris Water Solutions by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 40,596 shares of the company’s stock valued at $685,000 after purchasing an additional 2,663 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.