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

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 316,408 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $25.28, for a total transaction of $7,998,794.24. Following the completion of the sale, the insider now directly owns 2,634,791 shares of the company’s stock, valued at $66,607,516.48. This trade represents a 10.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 transaction of $4,042,372.02.
• On Wednesday, December 18th, S Corp Gable sold 38,739 shares of Aris Water Solutions stock. The stock was 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 value of $1,475,027.05.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $24.07 on Friday. Aris Water Solutions, Inc. has a fifty-two week low of $7.74 and a fifty-two week high of $27.94. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 30.09 and a beta of 1.91. The stock’s 50 day simple moving average is $23.18 and its two-hundred day simple moving average is $18.56. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.74%. Aris Water Solutions’s payout ratio is 52.50%.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARIS. Rhumbline Advisers increased its stake in shares of Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after acquiring an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions during the second quarter valued at approximately $27,000. Kings Path Partners LLC lifted its holdings in shares of Aris Water Solutions by 2.6% during the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after purchasing an additional 1,735 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Aris Water Solutions in the 3rd quarter worth approximately $39,000. Finally, New York State Teachers Retirement System grew its stake in shares of Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after buying an additional 2,346 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ARIS. Evercore ISI increased their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $24.83.

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.