Stephan E. Tompsett Sells 20,000 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) Stock

Aris Water Solutions, Inc. (NYSE:ARIS) CFO Stephan E. Tompsett sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer now directly owns 140,509 shares of the company’s stock, valued at approximately $4,215,270. The trade was a 12.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Aris Water Solutions Trading Down 0.2 %

NYSE ARIS opened at $28.99 on Friday. The firm’s 50-day moving average is $27.67 and its two-hundred day moving average is $23.04. Aris Water Solutions, Inc. has a 12 month low of $12.44 and a 12 month high of $32.56. 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 stock has a market capitalization of $1.69 billion, a P/E ratio of 36.24 and a beta of 1.88.

Aris Water Solutions Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Evercore ISI cut 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Aris Water Solutions during the fourth quarter worth about $27,000. Larson Financial Group LLC purchased a new stake in Aris Water Solutions during the fourth quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new stake in Aris Water Solutions during the fourth quarter worth about $33,000. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions during the third quarter worth about $39,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions during the fourth quarter worth about $52,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

About Aris Water Solutions

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.