Aris Water Solutions, Inc. (NYSE:ARIS) Insider Sells $8,332,513.96 in Stock

Aris Water Solutions, Inc. (NYSE:ARISGet Free Report) insider S Corp Gable sold 331,181 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.16, for a total value of $8,332,513.96. Following the completion of the sale, the insider now directly owns 2,268,559 shares in the company, valued at $57,076,944.44. The trade was a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, January 3rd, S Corp Gable sold 31,410 shares of Aris Water Solutions stock. The stock was sold at an average price of $25.04, for a total value of $786,506.40.
  • 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 shares were 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 stock was 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 transaction of $1,475,027.05.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $23.47 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 29.34 and a beta of 1.94. Aris Water Solutions, Inc. has a one year low of $7.74 and a one year high of $27.94. The company’s 50-day moving average is $24.68 and its 200 day moving average is $19.14.

Aris Water Solutions Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.79%. Aris Water Solutions’s payout ratio is currently 52.50%.

Hedge Funds Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp raised its stake in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after purchasing an additional 80,490 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Aris Water Solutions during the 3rd quarter valued at about $10,828,000. Geode Capital Management LLC grew its stake in shares of Aris Water Solutions by 3.0% in the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock worth $10,450,000 after acquiring an additional 18,304 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after purchasing an additional 139,259 shares during the last quarter. Finally, Wasatch Advisors LP lifted its position in Aris Water Solutions by 4.7% during the third quarter. Wasatch Advisors LP now owns 523,533 shares of the company’s stock valued at $8,832,000 after purchasing an additional 23,594 shares during the period. 39.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ARIS shares. The Goldman Sachs Group increased their target price 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. Citigroup reiterated a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price target on shares of Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Evercore ISI upped their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.17.

Read Our Latest Stock Report on Aris Water Solutions

Aris Water Solutions Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Aris Water Solutions (NYSE:ARIS)

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