S Corp Gable Sells 331,181 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 331,181 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $25.16, for a total value of $8,332,513.96. Following the completion of the transaction, the insider now directly owns 2,268,559 shares in the company, valued at $57,076,944.44. This represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 value 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 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 Price Performance

NYSE:ARIS traded down $0.20 during trading hours on Wednesday, reaching $23.47. 969,617 shares of the company were exchanged, compared to its average volume of 918,963. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.37 billion, a PE ratio of 29.34 and a beta of 1.94. Aris Water Solutions, Inc. has a twelve month low of $7.74 and a twelve month high of $27.94. The stock’s 50-day moving average is $24.40 and its 200-day moving average is $19.08.

Aris Water Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

ARIS has been the subject of a number of recent research reports. 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 research note on Thursday, December 19th. Citigroup reissued a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus raised their price target 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. Finally, Evercore ISI upped 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 report on Wednesday, November 6th. 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.17.

Institutional Investors Weigh In On Aris Water Solutions

Large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Aris Water Solutions in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions in the 3rd quarter valued at $39,000. New York State Teachers Retirement System lifted its holdings in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after purchasing an additional 2,346 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Aris Water Solutions during the 2nd quarter worth $82,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Aris Water Solutions in the third quarter valued at about $2,080,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.