Insider Selling: Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells $1,475,027.05 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 57,731 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.55, for a total value of $1,475,027.05. Following the sale, the insider now owns 3,165,939 shares of the company’s stock, valued at approximately $80,889,741.45. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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.

Aris Water Solutions Price Performance

Shares of ARIS stock opened at $24.10 on Friday. Aris Water Solutions, Inc. has a 12 month low of $7.74 and a 12 month high of $27.94. The company has a market capitalization of $1.40 billion, a P/E ratio of 30.13 and a beta of 1.91. The stock has a 50 day moving average of $22.18 and a two-hundred day moving average of $18.13. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.74%. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Institutional Investors Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ARIS. Principal Financial Group Inc. bought a new position in Aris Water Solutions during the third quarter worth about $514,000. Lord Abbett & CO. LLC raised its holdings in shares of Aris Water Solutions by 4.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company’s stock worth $5,940,000 after buying an additional 13,676 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Aris Water Solutions during the 3rd quarter worth approximately $266,000. Tidal Investments LLC acquired a new stake in Aris Water Solutions in the 3rd quarter valued at $252,000. Finally, Barclays PLC grew its position in Aris Water Solutions by 277.0% in the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after acquiring an additional 25,790 shares during the period. Institutional investors own 39.71% of the company’s stock.

Analysts Set New Price Targets

ARIS has been the subject of several recent analyst reports. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus boosted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday. Evercore ISI raised their target price on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.83.

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.