Aris Water Solutions, Inc. (NYSE:ARIS) Insider S Corp Gable Sells 331,181 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 331,181 shares of Aris Water Solutions stock in a transaction dated Monday, January 6th. The shares were 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. This represents a 12.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 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 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 Trading Down 0.8 %

Shares of NYSE:ARIS opened at $23.47 on Thursday. The business’s 50 day simple moving average is $24.54 and its 200 day simple moving average is $19.11. Aris Water Solutions, Inc. has a 1 year low of $7.74 and a 1 year high of $27.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market capitalization of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders 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 yield of 1.79%. Aris Water Solutions’s payout ratio is 52.50%.

Hedge Funds Weigh In On Aris Water Solutions

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Aris Water Solutions by 116.3% in the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after acquiring an additional 216,158 shares during the last quarter. Principal Financial Group Inc. bought a new position in Aris Water Solutions in the third quarter valued at about $514,000. Lord Abbett & CO. LLC lifted its holdings in shares of Aris Water Solutions by 4.0% in the third quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company’s stock worth $5,940,000 after acquiring an additional 13,676 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Aris Water Solutions during the 3rd quarter valued at approximately $266,000. Finally, Tidal Investments LLC bought a new position in Aris Water Solutions in the 3rd quarter valued at approximately $252,000. 39.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group raised their price target 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 upped their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.17.

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.