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

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 31,410 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total value of $786,506.40. Following the transaction, the insider now owns 2,599,740 shares of the company’s stock, valued at approximately $65,097,489.60. The trade was a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were 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 stock was sold at an average price of $25.28, for a total transaction of $7,998,794.24.
• 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 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 value of $969,637.17.
• On Monday, December 16th, S Corp Gable sold 57,731 shares of Aris Water Solutions stock. The shares were sold at an average price of $25.55, for a total value of $1,475,027.05.

Aris Water Solutions Price Performance

NYSE:ARIS traded down $0.20 during trading hours on Wednesday, reaching $23.47. 969,617 shares of the company’s stock were exchanged, compared to its average volume of 918,963. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94. Aris Water Solutions, Inc. has a 12 month low of $7.74 and a 12 month high of $27.94. The business’s 50-day simple moving average is $24.40 and its two-hundred day simple moving average is $19.08.

Aris Water Solutions Dividend Announcement

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

Institutional Investors Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its holdings in Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after buying an additional 25,790 shares during the period. State Street Corp increased its position in shares of Aris Water Solutions by 13.8% in the third 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 in the last quarter. HighTower Advisors LLC lifted its position in shares of Aris Water Solutions by 66.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after acquiring an additional 8,499 shares in the last quarter. Franklin Resources Inc. acquired a new position in Aris Water Solutions in the 3rd quarter worth approximately $266,000. Finally, American Century Companies Inc. grew its position in Aris Water Solutions by 140.3% during 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 in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ARIS shares. The Goldman Sachs Group boosted 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, December 19th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their price target on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Evercore ISI upped their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Citigroup reiterated a “neutral” rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday. Three equities 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, the company presently has an average rating of “Moderate Buy” and a consensus 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.