Aris Water Solutions, Inc. (NYSE:ARIS – Get Free Report) major shareholder S Corp Gable sold 160,539 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 2,951,199 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $25.28, for a total transaction of $7,998,794.24.
- 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 Down 5.0 %
ARIS stock opened at $24.07 on Monday. The stock has a market cap of $1.40 billion, a P/E ratio of 30.09 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 twelve month low of $7.74 and a twelve month high of $27.94. The company’s 50 day moving average is $23.18 and its two-hundred day moving average is $18.56.
Aris Water Solutions Dividend Announcement
Hedge Funds Weigh In On Aris Water Solutions
Large investors have recently bought and sold shares of the stock. Eagle Asset Management Inc. purchased a new position in shares of Aris Water Solutions during the third quarter worth approximately $10,828,000. 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 purchasing an additional 284,788 shares during the period. JPMorgan Chase & Co. grew its position in Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock worth $6,783,000 after purchasing an additional 216,158 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after purchasing an additional 139,259 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake 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. Institutional investors and hedge funds own 39.71% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Evercore ISI lifted their price objective 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. Wells Fargo & Company upped 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, December 18th. 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. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.83.
Read Our Latest Research Report on Aris Water Solutions
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.
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