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

Aris Water Solutions, Inc. (NYSE:ARIS) insider Nicholas A. Patterson sold 8,299 shares of the stock in a transaction dated 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 sale, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. The trade was a 12.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Aris Water Solutions Trading Down 0.2 %

Shares of ARIS opened at $28.99 on Friday. The company has a market capitalization of $1.69 billion, a P/E ratio of 36.24 and a beta of 1.88. Aris Water Solutions, Inc. has a 1-year low of $12.44 and a 1-year high of $32.56. The firm’s 50 day simple moving average is $27.67 and its 200 day simple moving average is $23.04. 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 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 dividend of $0.14 per share. 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 dividend yield of 1.93%. Aris Water Solutions’s dividend payout ratio (DPR) is 70.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $27,000. Larson Financial Group LLC purchased a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $33,000. Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions during the third quarter worth approximately $39,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $52,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARIS has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target 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. Stifel Nicolaus increased their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their target price for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Aris Water Solutions 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.