Aris Water Solutions, Inc. (NYSE:ARIS) Insider Sells $8,332,513.96 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 331,181 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.16, for a total value of $8,332,513.96. Following the transaction, the insider now owns 2,268,559 shares of the company’s stock, valued at $57,076,944.44. This trade represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $786,506.40.
• On Thursday, December 26th, S Corp Gable sold 316,408 shares of Aris Water Solutions stock. The stock was 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 stock was sold at an average price of $25.03, for a total value 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 value of $1,475,027.05.

Aris Water Solutions Trading Down 0.8 %

ARIS opened at $23.47 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 firm has a market capitalization of $1.37 billion, a PE ratio of 29.34 and a beta of 1.94. 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’s 50-day moving average is $24.54 and its 200 day moving average is $19.11.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.79%. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Analyst Ratings Changes

Several equities analysts have issued reports on ARIS shares. Stifel Nicolaus boosted their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Evercore ISI increased their target price 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. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $19.00 to $22.00 in a report 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 company an “equal weight” rating in a report on Wednesday, December 18th. Finally, Citigroup restated a “neutral” rating and issued a $26.00 target price (up 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 given a buy rating to the company. According to MarketBeat.com, Aris Water Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $26.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its holdings in Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after acquiring an additional 25,790 shares during the last quarter. State Street Corp boosted its holdings in Aris Water Solutions by 13.8% during the third 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 during the last quarter. HighTower Advisors LLC increased its stake in Aris Water Solutions by 66.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after buying an additional 8,499 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Aris Water Solutions during the 3rd quarter worth approximately $266,000. Finally, American Century Companies Inc. boosted its stake 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 worth $7,644,000 after buying an additional 284,788 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.