Aris Water Solutions, Inc. (NYSE:ARIS) Insider S Corp Gable Sells 31,410 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 31,410 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $25.04, for a total value of $786,506.40. Following the sale, the insider now directly owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. This represents a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

S Corp Gable also recently made the following trade(s):

• On Monday, January 6th, S Corp Gable sold 331,181 shares of Aris Water Solutions stock. The stock was sold at an average price of $25.16, for a total transaction of $8,332,513.96.
• On Thursday, December 26th, S Corp Gable sold 316,408 shares of Aris Water Solutions stock. The shares were sold at an average price of $25.28, for a total value of $7,998,794.24.
• On Tuesday, December 24th, S Corp Gable sold 160,539 shares of Aris Water Solutions stock. The shares were sold at an average price of $25.18, for a total transaction of $4,042,372.02.
• On Wednesday, December 18th, S Corp Gable sold 38,739 shares of Aris Water Solutions stock. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17.
• On Monday, December 16th, S Corp Gable sold 57,731 shares of Aris Water Solutions stock. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05.

Aris Water Solutions Trading Down 0.8 %

Shares of ARIS stock opened at $23.47 on Thursday. The stock’s fifty day moving average is $24.54 and its two-hundred day moving average is $19.11. The firm has a market capitalization of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $27.94.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.79%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Institutional Investors Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after acquiring an additional 80,490 shares during the last quarter. Eagle Asset Management Inc. acquired a new stake in Aris Water Solutions during the third quarter worth about $10,828,000. Geode Capital Management LLC boosted its holdings in Aris Water Solutions by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock valued at $10,450,000 after purchasing an additional 18,304 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 worth $8,836,000 after buying an additional 139,259 shares during the last quarter. Finally, Wasatch Advisors LP grew its position in Aris Water Solutions by 4.7% in the third quarter. Wasatch Advisors LP now owns 523,533 shares of the company’s stock worth $8,832,000 after acquiring an additional 23,594 shares during the period. Institutional investors and hedge funds own 39.71% of the company’s stock.

Analyst Upgrades and Downgrades

ARIS has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Citigroup reissued a “neutral” rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions has an average rating of “Moderate Buy” and an average target price of $26.17.

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.