Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder S Corp Gable Sells 38,739 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value 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. This trade represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock 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 Price Performance

NYSE ARIS opened at $24.10 on Friday. Aris Water Solutions, Inc. has a 12-month low of $7.74 and a 12-month high of $27.94. The firm’s 50 day moving average is $22.18 and its 200-day moving average is $18.13. The company has a market capitalization of $1.40 billion, a PE ratio of 30.13 and a beta of 1.91. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Announces Dividend

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

Hedge Funds Weigh In On Aris Water Solutions

A number of institutional investors have recently added to or reduced their stakes in ARIS. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions during the 2nd quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions during the third quarter valued at approximately $39,000. New York State Teachers Retirement System lifted its stake in Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Aris Water Solutions in the 2nd quarter valued at $46,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Aris Water Solutions during the 2nd quarter worth $82,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Evercore ISI raised their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.