Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder S Corp Gable Sells 57,731 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 57,731 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $25.55, for a total value of $1,475,027.05. Following the sale, the insider now owns 3,165,939 shares in the company, valued at $80,889,741.45. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Aris Water Solutions Trading Down 5.9 %

Shares of ARIS stock opened at $23.33 on Thursday. 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 quick ratio of 1.72 and a current ratio of 1.72. The stock’s fifty day moving average is $22.05 and its two-hundred day moving average is $18.09. The firm has a market capitalization of $1.36 billion, a P/E ratio of 29.16 and a beta of 1.91.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ARIS. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped 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 report on Wednesday. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus upped their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Aris Water Solutions has an average rating of “Moderate Buy” and a consensus target price of $23.33.

Institutional Trading of Aris Water Solutions

Several large investors have recently bought and sold shares of the business. State Street Corp lifted its stake in Aris Water Solutions by 13.8% in the 3rd 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 in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Aris Water Solutions in the third quarter valued at approximately $10,828,000. Geode Capital Management LLC lifted its position in Aris Water Solutions by 3.0% during the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock worth $10,450,000 after buying an additional 18,304 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after buying an additional 139,259 shares in the last quarter. Finally, Wasatch Advisors LP boosted its stake in Aris Water Solutions by 4.7% during the third quarter. Wasatch Advisors LP now owns 523,533 shares of the company’s stock worth $8,832,000 after buying an additional 23,594 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.