Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells $27,700,000.00 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aris Water Solutions Trading Up 8.4 %

Aris Water Solutions stock traded up $2.48 during midday trading on Wednesday, reaching $31.95. The stock had a trading volume of 1,247,421 shares, compared to its average volume of 499,231. The stock’s 50-day simple moving average is $27.87 and its 200 day simple moving average is $23.27. Aris Water Solutions, Inc. has a twelve month low of $12.44 and a twelve month 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 stock has a market capitalization of $1.87 billion, a PE ratio of 39.94 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.75%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions’s dividend payout ratio is 70.00%.

Institutional Investors Weigh In On Aris Water Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new position in Aris Water Solutions in the 4th quarter worth $27,000. Larson Financial Group LLC bought a new position in shares of Aris Water Solutions in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at about $33,000. Meeder Asset Management Inc. bought a new stake in shares of Aris Water Solutions during the 3rd quarter valued at about $39,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ARIS shares. Wells Fargo & Company upped their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Citigroup restated a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Evercore ISI downgraded 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 report on Wednesday, January 15th. The Goldman Sachs Group raised their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Stifel Nicolaus upped their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.00.

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.