Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder S Corp Gable Sells 160,539 Shares

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 160,539 shares of Aris Water Solutions stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $25.18, for a total transaction of $4,042,372.02. Following the transaction, the insider now directly owns 2,951,199 shares of the company’s stock, valued at approximately $74,311,190.82. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% 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 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 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 Trading Down 5.0 %

ARIS opened at $24.07 on Friday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 30.09 and a beta of 1.91. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. Aris Water Solutions, Inc. has a twelve month low of $7.74 and a twelve month high of $27.94. The company has a 50-day simple moving average of $23.18 and a 200 day simple moving average of $18.54.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.74%. Aris Water Solutions’s dividend payout ratio is 52.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ARIS shares. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group upped their price target 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. Evercore ISI lifted 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 note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.83.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after purchasing an additional 216,158 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Aris Water Solutions during the 3rd quarter worth $514,000. Lord Abbett & CO. LLC lifted its position in shares of Aris Water Solutions by 4.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company’s stock worth $5,940,000 after buying an additional 13,676 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Aris Water Solutions in the third quarter valued at about $266,000. Finally, Tidal Investments LLC bought a new position in Aris Water Solutions in the third quarter valued at about $252,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.