Insider Selling: Aris Water Solutions, Inc. (NYSE:ARIS) Insider Sells 31,410 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 31,410 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the sale, the insider now directly owns 2,599,740 shares of the company’s stock, valued at approximately $65,097,489.60. This represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 value 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 stock was 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 stock was sold at an average price of $25.55, for a total value of $1,475,027.05.

Aris Water Solutions Trading Down 0.8 %

NYSE ARIS opened at $23.47 on Friday. The stock has a 50-day simple moving average of $24.68 and a 200 day simple moving average of $19.14. Aris Water Solutions, Inc. has a 12 month low of $7.74 and a 12 month high of $27.94. The company has a market capitalization of $1.37 billion, a PE ratio of 29.34 and a beta of 1.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

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 given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.79%. Aris Water Solutions’s dividend payout ratio is 52.50%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ARIS. Evercore ISI lifted their price target on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Citigroup reissued a “neutral” rating and issued a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday. Wells Fargo & Company upped their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, US Capital Advisors cut Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position 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 acquiring an additional 758 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in Aris Water Solutions by 38.0% during the second quarter. Los Angeles Capital Management LLC now owns 106,356 shares of the company’s stock worth $1,667,000 after purchasing an additional 29,310 shares during the period. ClariVest Asset Management LLC grew its stake in Aris Water Solutions by 35.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 65,154 shares of the company’s stock valued at $1,021,000 after buying an additional 17,164 shares during the last quarter. American Century Companies Inc. lifted its holdings in 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 purchasing an additional 284,788 shares during the last quarter. Finally, Nicholas Investment Partners LP acquired a new stake in shares of Aris Water Solutions during the second quarter worth $1,703,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.