Aris Water Solutions, Inc. (NYSE:ARIS) Insider Sells $8,332,513.96 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 331,181 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.16, for a total value of $8,332,513.96. Following the completion of the sale, the insider now directly owns 2,268,559 shares of the company’s stock, valued at $57,076,944.44. This represents a 12.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was sold at an average price of $25.04, for a total value of $786,506.40.
• 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 value 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 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 shares were sold at an average price of $25.55, for a total value of $1,475,027.05.

Aris Water Solutions Stock Up 5.6 %

NYSE:ARIS opened at $24.65 on Friday. The stock’s fifty day moving average price is $24.68 and its two-hundred day moving average price is $19.14. 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 company has a market cap of $1.44 billion, a price-to-earnings ratio of 30.81 and a beta of 1.94.

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 issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is 52.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Stifel Nicolaus upped their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Evercore ISI upped 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. Finally, Citigroup reiterated a “neutral” rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Aris Water Solutions has an average rating of “Moderate Buy” and a consensus price target of $26.17.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ARIS. Rhumbline Advisers lifted its holdings in Aris Water Solutions by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after buying an additional 758 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of Aris Water Solutions by 38.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 106,356 shares of the company’s stock valued at $1,667,000 after acquiring an additional 29,310 shares during the last quarter. ClariVest Asset Management LLC raised its position in shares of Aris Water Solutions by 35.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 65,154 shares of the company’s stock valued at $1,021,000 after acquiring an additional 17,164 shares during the last quarter. American Century Companies Inc. raised its position in shares of Aris Water Solutions by 140.3% during the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after acquiring an additional 284,788 shares during the last quarter. Finally, Nicholas Investment Partners LP bought a new stake in shares of Aris Water Solutions during the 2nd quarter valued at $1,703,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.