Aris Water Solutions, Inc. (NYSE:ARIS) Insider S Corp Gable Sells 331,181 Shares

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 331,181 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the sale, the insider now owns 2,268,559 shares of the company’s stock, valued at $57,076,944.44. The trade was a 12.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, January 3rd, S Corp Gable sold 31,410 shares of Aris Water Solutions stock. The shares were sold at an average price of $25.04, for a total transaction of $786,506.40.
• 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 transaction 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 value of $1,475,027.05.

Aris Water Solutions Trading Up 5.6 %

Aris Water Solutions stock opened at $24.65 on Friday. Aris Water Solutions, Inc. has a 52 week low of $7.74 and a 52 week high of $27.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $1.44 billion, a P/E ratio of 30.81 and a beta of 1.94. The stock has a 50-day simple moving average of $24.68 and a 200 day simple moving average of $19.14.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s payout ratio is currently 52.50%.

Hedge Funds Weigh In On Aris Water Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of ARIS. Eagle Asset Management Inc. bought a new position in Aris Water Solutions during the third quarter worth about $10,828,000. American Century Companies Inc. grew its holdings in Aris Water Solutions by 140.3% during the second 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. JPMorgan Chase & Co. boosted its holdings in shares of Aris Water Solutions by 116.3% during the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after acquiring an additional 216,158 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after acquiring an additional 139,259 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Aris Water Solutions by 988.8% during the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after acquiring an additional 125,281 shares during the period. Institutional investors own 39.71% of the company’s stock.

Wall Street Analyst Weigh In

ARIS has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company increased their price objective on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Evercore ISI increased their price objective 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target 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.