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

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the transaction, the insider now owns 3,111,738 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 shares were sold at an average price of $25.55, for a total value of $1,475,027.05.

Aris Water Solutions Stock Performance

NYSE:ARIS opened at $24.10 on Friday. The firm has a market capitalization of $1.40 billion, a PE ratio of 30.13 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 business’s fifty day moving average price is $22.32 and its 200 day moving average price is $18.19. Aris Water Solutions, Inc. has a 12 month low of $7.74 and a 12 month high of $27.94.

Aris Water Solutions Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Institutional Investors Weigh In On Aris Water Solutions

Several institutional investors have recently added to or reduced their stakes in ARIS. American Century Companies Inc. raised its holdings in Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after purchasing an additional 284,788 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Aris Water Solutions during the 3rd quarter worth $2,080,000. Exchange Traded Concepts LLC lifted its position in Aris Water Solutions by 988.8% in the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after acquiring an additional 125,281 shares during the last quarter. Martingale Asset Management L P boosted its stake in Aris Water Solutions by 81.0% in the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock valued at $1,022,000 after acquiring an additional 27,109 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Aris Water Solutions during the second quarter worth about $765,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

ARIS has been the topic of several research reports. Stifel Nicolaus increased their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and raised their price target for the company from $19.00 to $22.00 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 note on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Evercore ISI increased their price target on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.83.

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.