Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells $4,042,372.02 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 160,539 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $25.18, for a total transaction of $4,042,372.02. Following the transaction, the insider now owns 2,951,199 shares of the company’s stock, valued at $74,311,190.82. This trade represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% 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 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 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 Performance

Shares of Aris Water Solutions stock opened at $24.07 on Friday. The business has a 50-day moving average price of $23.18 and a two-hundred day moving average price of $18.54. 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 company has a market cap of $1.40 billion, a P/E ratio of 30.09 and a beta of 1.91.

Aris Water Solutions Dividend Announcement

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 dividend of $0.105 per share. 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%.

Hedge Funds Weigh In On Aris Water Solutions

Institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in shares of Aris Water Solutions by 3.6% during the 2nd quarter. Van ECK Associates Corp now owns 111,535 shares of the company’s stock worth $1,748,000 after buying an additional 3,833 shares during the period. Rhumbline Advisers lifted its position in shares of Aris Water Solutions by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after acquiring an additional 758 shares during the period. Los Angeles Capital Management LLC boosted 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 acquiring an additional 29,310 shares in the last quarter. ClariVest Asset Management LLC grew 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. Finally, American Century Companies Inc. increased its stake in Aris Water Solutions by 140.3% in 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 in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARIS has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Wells Fargo & Company boosted their price objective 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, December 18th. Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, Evercore ISI increased their price target 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $24.83.

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.