Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells $7,998,794.24 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 316,408 shares of Aris Water Solutions stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $25.28, for a total value of $7,998,794.24. Following the sale, the insider now directly owns 2,634,791 shares of the company’s stock, valued at approximately $66,607,516.48. This trade represents a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares 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 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 Performance

ARIS traded down $1.30 during midday trading on Friday, hitting $24.04. 227,550 shares of the company were exchanged, compared to its average volume of 368,985. Aris Water Solutions, Inc. has a 1-year low of $7.74 and a 1-year high of $27.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 30.05 and a beta of 1.91. The company’s 50 day simple moving average is $23.02 and its 200 day simple moving average is $18.47.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.105 per share. 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 1.75%. Aris Water Solutions’s payout ratio is 52.50%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of 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. Evercore ISI upped their price target on 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 raised their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus lifted their target price 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aris Water Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $24.83.

Institutional Trading of Aris Water Solutions

A number of hedge funds have recently added to or reduced their stakes in ARIS. American Century Companies Inc. raised its position in shares of Aris Water Solutions by 140.3% in the second 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 period. International Assets Investment Management LLC purchased a new position in shares of Aris Water Solutions in the 3rd quarter valued at about $2,080,000. HighTower Advisors LLC raised its holdings in Aris Water Solutions by 66.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock worth $361,000 after purchasing an additional 8,499 shares during the period. Exchange Traded Concepts LLC grew its holdings in Aris Water Solutions by 988.8% in the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after purchasing an additional 125,281 shares during the period. Finally, Martingale Asset Management L P grew its holdings in Aris Water Solutions by 81.0% in the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock valued at $1,022,000 after purchasing an additional 27,109 shares during the period. 39.71% of the stock is owned by hedge funds and other institutional investors.

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.