Debra Coy Sells 1,500 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) Stock

Aris Water Solutions, Inc. (NYSE:ARIS) Director Debra Coy sold 1,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the transaction, the director now owns 42,082 shares in the company, valued at $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Aris Water Solutions Trading Up 0.2 %

Aris Water Solutions stock opened at $24.55 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. The firm’s 50 day moving average price is $17.59 and its 200-day moving average price is $16.33. Aris Water Solutions, Inc. has a 1 year low of $7.22 and a 1 year high of $26.34. The stock has a market cap of $1.43 billion, a P/E ratio of 30.69 and a beta of 1.62.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s payout ratio is currently 52.50%.

Institutional Trading of Aris Water Solutions

Large investors have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. purchased a new position in shares of Aris Water Solutions in the third quarter valued at $10,828,000. American Century Companies Inc. increased its holdings in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after buying an additional 284,788 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after buying an additional 139,259 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Aris Water Solutions by 988.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after acquiring an additional 125,281 shares during the last quarter. Finally, Nicholas Investment Partners LP purchased a new position in Aris Water Solutions in the second quarter worth about $1,703,000. Institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

ARIS has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus raised their price objective 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 boosted their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $22.00 in a report 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

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.