Aris Water Solutions, Inc. (NYSE:ARIS) Insider S Corp Gable 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 shares were sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the transaction, the insider now owns 2,599,740 shares of the company’s stock, valued at $65,097,489.60. The trade was a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 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 Stock Down 0.8 %

Shares of NYSE:ARIS traded down $0.20 during midday trading on Wednesday, reaching $23.47. The company had a trading volume of 969,617 shares, compared to its average volume of 918,963. The stock has a market capitalization of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94. The stock’s fifty day moving average price is $24.40 and its 200-day moving average price is $19.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions, Inc. has a one year low of $7.74 and a one year high of $27.94.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.79%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Hedge Funds Weigh In On Aris Water Solutions

Hedge funds have recently bought and sold shares of the company. 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 during the last quarter. Los Angeles Capital Management LLC lifted its stake in Aris Water Solutions by 38.0% during the second quarter. Los Angeles Capital Management LLC now owns 106,356 shares of the company’s stock worth $1,667,000 after purchasing an additional 29,310 shares during the last quarter. ClariVest Asset Management LLC boosted its holdings in Aris Water Solutions by 35.8% in the second quarter. ClariVest Asset Management LLC now owns 65,154 shares of the company’s stock worth $1,021,000 after purchasing an additional 17,164 shares during the period. American Century Companies Inc. increased its stake 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 valued at $7,644,000 after purchasing an additional 284,788 shares during the last quarter. Finally, Nicholas Investment Partners LP acquired a new stake in shares of Aris Water Solutions during the second quarter worth $1,703,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on ARIS shares. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $19.00 to $22.00 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 company a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus boosted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Evercore ISI lifted their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Citigroup reiterated a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aris Water Solutions 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.