Aris Water Solutions, Inc. (NYSE:ARIS) Insider Sells $786,506.40 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 31,410 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $25.04, for a total transaction of $786,506.40. Following the sale, the insider now owns 2,599,740 shares in the company, valued at $65,097,489.60. This trade represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was 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 shares were 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 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 shares were sold at an average price of $25.55, for a total transaction of $1,475,027.05.

Aris Water Solutions Stock Performance

Shares of NYSE ARIS opened at $23.47 on Thursday. Aris Water Solutions, Inc. has a 12 month low of $7.74 and a 12 month high of $27.94. The company has a 50-day simple moving average of $24.54 and a 200-day simple moving average of $19.11. The company has a market cap of $1.37 billion, a PE ratio of 29.34 and a beta of 1.94. 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 Announces Dividend

The firm also recently announced 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 1.79%. Aris Water Solutions’s payout ratio is currently 52.50%.

Wall Street Analyst Weigh In

ARIS has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Citigroup restated a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday. Stifel Nicolaus upped their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.17.

Institutional Trading of Aris Water Solutions

A number of hedge funds have recently added to or reduced their stakes in ARIS. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aris Water Solutions during the 2nd quarter worth about $27,000. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions during the third quarter worth approximately $39,000. New York State Teachers Retirement System increased its holdings in shares of Aris Water Solutions by 2,346.0% during 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. Point72 Asset Management L.P. purchased a new position in shares of Aris Water Solutions in the 2nd quarter worth $82,000. Finally, Algert Global LLC purchased a new stake in Aris Water Solutions during the second quarter valued at about $199,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.