Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells $1,475,027.05 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 57,731 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the sale, the insider now directly owns 3,165,939 shares in the company, valued at $80,889,741.45. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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.

Aris Water Solutions Stock Performance

Shares of NYSE:ARIS opened at $24.10 on Friday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 30.13 and a beta of 1.91. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a 1-year low of $7.74 and a 1-year high of $27.94. The business has a 50-day moving average price of $22.18 and a two-hundred day moving average price of $18.13.

Aris Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued 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 dividend payout ratio is currently 52.50%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ARIS shares. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. 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 report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company boosted their target price 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. Finally, US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Aris Water Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.83.

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. American Century Companies Inc. boosted its stake 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 acquiring an additional 284,788 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Aris Water Solutions in the third quarter worth $2,080,000. Exchange Traded Concepts LLC grew its holdings in shares of Aris Water Solutions by 988.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after buying an additional 125,281 shares during the period. Martingale Asset Management L P grew its holdings in shares of Aris Water Solutions by 81.0% in the 3rd quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock valued at $1,022,000 after buying an additional 27,109 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of Aris Water Solutions in the 2nd quarter valued at $765,000. 39.71% of the stock is owned by institutional investors.

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.