Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder S Corp Gable Sells 316,408 Shares

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 316,408 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $25.28, for a total transaction of $7,998,794.24. Following the completion of the transaction, the insider now directly owns 2,634,791 shares of the company’s stock, valued at $66,607,516.48. This trade represents a 10.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, December 24th, S Corp Gable sold 160,539 shares of Aris Water Solutions stock. The stock was sold at an average price of $25.18, for a total value 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 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 transaction of $1,475,027.05.

Aris Water Solutions Price Performance

NYSE ARIS opened at $24.07 on Monday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 30.09 and a beta of 1.91. 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 stock’s fifty day moving average price is $23.18 and its 200 day moving average price is $18.56. Aris Water Solutions, Inc. has a 1 year low of $7.74 and a 1 year high of $27.94.

Aris Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors 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 annualized dividend and a yield of 1.74%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Institutional Trading of Aris Water Solutions

Large investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its position in Aris Water Solutions by 3.6% in the 2nd quarter. Van ECK Associates Corp now owns 111,535 shares of the company’s stock worth $1,748,000 after purchasing an additional 3,833 shares in the last quarter. Rhumbline Advisers grew its position in Aris Water Solutions by 1.7% during the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after buying an additional 758 shares during the period. Los Angeles Capital Management LLC increased its holdings in Aris Water Solutions by 38.0% in the second quarter. Los Angeles Capital Management LLC now owns 106,356 shares of the company’s stock valued at $1,667,000 after buying an additional 29,310 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of Aris Water Solutions by 35.8% in the second quarter. ClariVest Asset Management LLC now owns 65,154 shares of the company’s stock worth $1,021,000 after acquiring an additional 17,164 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Aris Water Solutions by 140.3% during the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after acquiring an additional 284,788 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ARIS shares. Stifel Nicolaus boosted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Evercore ISI upped their price target on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price target 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.