Aris Water Solutions, Inc. (NYSE:ARIS) Insider Sells $786,506.40 in Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 31,410 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total transaction of $786,506.40. Following the completion of the sale, the insider now owns 2,599,740 shares of the company’s stock, valued at $65,097,489.60. This trade represents a 1.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 6th, S Corp Gable sold 331,181 shares of Aris Water Solutions stock. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96.
• 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 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 shares were 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 Stock Performance

Shares of NYSE ARIS opened at $24.65 on Friday. The company has a market cap of $1.44 billion, a PE ratio of 30.81 and a beta of 1.94. Aris Water Solutions, Inc. has a 12 month low of $7.74 and a 12 month high of $27.94. 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 has a 50-day simple moving average of $24.68 and a 200-day simple moving average of $19.14.

Aris Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.105 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.70%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Institutional Investors Weigh In On Aris Water Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of Aris Water Solutions by 1.7% during the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after buying an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions in the second quarter valued at approximately $27,000. Kings Path Partners LLC grew its holdings in Aris Water Solutions by 2.6% in the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after purchasing an additional 1,735 shares during the period. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions in the third quarter valued at approximately $39,000. Finally, New York State Teachers Retirement System grew its holdings in Aris Water Solutions by 2,346.0% in the third 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 during the period. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ARIS. Evercore ISI raised their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company 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 lifted their target price for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Citigroup restated a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday. The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus lifted their target price 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.17.

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.