Aris Water Solutions, Inc. (NYSE:ARIS) Insider Sells $786,506.40 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 31,410 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $25.04, for a total transaction of $786,506.40. Following the completion of the sale, the insider now directly owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. This represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, January 6th, S Corp Gable sold 331,181 shares of Aris Water Solutions stock. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96.
• 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 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 shares were 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 shares were sold at an average price of $25.55, for a total transaction of $1,475,027.05.

Aris Water Solutions Trading Up 5.6 %

Shares of Aris Water Solutions stock opened at $24.65 on Friday. 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 quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $1.44 billion, a P/E ratio of 30.81 and a beta of 1.94. The company’s fifty day moving average is $24.68 and its two-hundred day moving average is $19.14.

Aris Water Solutions Announces Dividend

The firm also recently disclosed 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 1.70%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s payout ratio is currently 52.50%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. 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. Principal Financial Group Inc. acquired a new stake in shares of Aris Water Solutions in the 3rd quarter worth $514,000. Lord Abbett & CO. LLC lifted its stake in shares of Aris Water Solutions by 4.0% in the 3rd 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 period. Franklin Resources Inc. acquired a new stake in shares of Aris Water Solutions in the 3rd quarter worth $266,000. Finally, Tidal Investments LLC acquired a new stake in shares of Aris Water Solutions in the 3rd quarter worth $252,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARIS shares. JPMorgan Chase & Co. downgraded shares of 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. Wells Fargo & Company increased their target price 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. Stifel Nicolaus increased their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group increased their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.