Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells $969,637.17 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total transaction of $969,637.17. Following the completion of the sale, the insider now directly owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. The trade was a 1.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 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 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 Up 0.8 %

NYSE ARIS traded up $0.19 during trading on Friday, hitting $24.10. The company’s stock had a trading volume of 683,954 shares, compared to its average volume of 365,715. Aris Water Solutions, Inc. has a fifty-two week low of $7.74 and a fifty-two week 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 cap of $1.40 billion, a PE ratio of 30.13 and a beta of 1.91. The business’s 50 day simple moving average is $22.18 and its 200-day simple moving average is $18.13.

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ARIS. American Century Companies Inc. increased its position in shares of Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after acquiring an additional 284,788 shares during the period. International Assets Investment Management LLC purchased a new stake in Aris Water Solutions during the 3rd quarter valued at about $2,080,000. Exchange Traded Concepts LLC increased its holdings in shares of 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. Martingale Asset Management L P raised its stake in shares of Aris Water Solutions by 81.0% in the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock worth $1,022,000 after purchasing an additional 27,109 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Aris Water Solutions during the second quarter worth about $765,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted 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 report on Wednesday. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday. Finally, Evercore ISI boosted their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.