Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder S Corp Gable Sells 316,408 Shares

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 316,408 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $25.28, for a total value of $7,998,794.24. Following the sale, the insider now owns 2,634,791 shares of the company’s stock, valued at approximately $66,607,516.48. This represents a 10.72 % 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. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, December 24th, S Corp Gable sold 160,539 shares of Aris Water Solutions stock. The stock was sold at an average price of $25.18, for a total value 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 value 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 5.1 %

ARIS stock traded down $1.30 during midday trading on Friday, reaching $24.04. 227,550 shares of the company traded hands, compared to its average volume of 368,985. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 30.05 and a beta of 1.91. 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 business has a 50 day moving average of $23.02 and a 200-day moving average of $18.47. Aris Water Solutions, Inc. has a 52-week low of $7.74 and a 52-week high of $27.94.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.75%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s payout ratio is 52.50%.

Analyst Ratings Changes

A number of equities research analysts have commented on ARIS shares. Wells Fargo & Company raised their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Evercore ISI boosted their target price on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price target for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.83.

Institutional Investors Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in ARIS. American Century Companies Inc. raised its position in 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 purchasing an additional 284,788 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Aris Water Solutions in the third quarter worth approximately $2,080,000. HighTower Advisors LLC lifted its stake in shares of Aris Water Solutions by 66.2% during the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock worth $361,000 after acquiring an additional 8,499 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Aris Water Solutions by 988.8% during 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 period. Finally, Martingale Asset Management L P grew its position in Aris Water Solutions by 81.0% in the 3rd quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock valued at $1,022,000 after acquiring an additional 27,109 shares during the last quarter. Hedge funds and other institutional investors 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.