Amanda M. Brock Sells 107,946 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) Stock

Aris Water Solutions, Inc. (NYSE:ARISGet Free Report) CEO Amanda M. Brock sold 107,946 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $16.65, for a total value of $1,797,300.90. Following the completion of the sale, the chief executive officer now owns 549,963 shares in the company, valued at $9,156,883.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Aris Water Solutions Stock Down 0.1 %

NYSE:ARIS opened at $16.69 on Thursday. The stock’s fifty day moving average price is $14.35 and its two-hundred day moving average price is $10.66. Aris Water Solutions, Inc. has a 52-week low of $7.22 and a 52-week high of $17.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $964.52 million, a price-to-earnings ratio of 23.18 and a beta of 1.65.

Aris Water Solutions (NYSE:ARISGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.62% and a net margin of 5.73%. The firm had revenue of $104.13 million for the quarter, compared to analyst estimates of $97.65 million. On average, analysts anticipate that Aris Water Solutions, Inc. will post 0.99 EPS for the current year.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.105 per share. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.42 annualized dividend and a yield of 2.52%. Aris Water Solutions’s dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

Several research firms have recently weighed in on ARIS. The Goldman Sachs Group upped their price objective on Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Evercore ISI upped their price objective on Aris Water Solutions from $16.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup increased their price target on Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Stifel Nicolaus increased their price target on Aris Water Solutions from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Wells Fargo & Company increased their price target on Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.36.

Get Our Latest Analysis on Aris Water Solutions

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARIS. Price T Rowe Associates Inc. MD lifted its stake in shares of Aris Water Solutions by 9.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after purchasing an additional 1,902 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Aris Water Solutions in the 1st quarter valued at $222,000. Quadrature Capital Ltd acquired a new position in shares of Aris Water Solutions in the 1st quarter valued at $166,000. Clearbridge Investments LLC lifted its stake in shares of Aris Water Solutions by 7.2% in the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after purchasing an additional 39,145 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of Aris Water Solutions in the 1st quarter valued at $359,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

About Aris Water Solutions

(Get Free Report)

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.

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