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 business’s stock in a transaction that occurred on 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were sold at an average price of $25.28, for a total value of $7,998,794.24.
• 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 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 stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05.

Aris Water Solutions Stock Down 0.8 %

Shares of NYSE:ARIS traded down $0.20 during trading on Wednesday, reaching $23.47. The stock had a trading volume of 969,617 shares, 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 company has a market capitalization of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94. The firm’s 50-day simple moving average is $24.40 and its 200 day simple moving average is $19.08. Aris Water Solutions, Inc. has a one year low of $7.74 and a one 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. Stockholders of record on Thursday, December 5th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s payout ratio is presently 52.50%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Citigroup restated a “neutral” rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aris Water Solutions has an average rating of “Moderate Buy” and a consensus price target of $26.17.

Institutional Trading of Aris Water Solutions

A number of institutional investors have recently made changes to their positions in ARIS. Eagle Asset Management Inc. purchased a new stake in Aris Water Solutions in the third quarter valued at about $10,828,000. American Century Companies Inc. raised its position 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 valued at $7,644,000 after purchasing an additional 284,788 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Aris Water Solutions by 116.3% in 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after purchasing an additional 139,259 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in Aris Water Solutions by 988.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after purchasing an additional 125,281 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.