S Corp Gable Sells 331,181 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) Stock

Aris Water Solutions, Inc. (NYSE:ARIS) insider S Corp Gable sold 331,181 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $25.16, for a total value of $8,332,513.96. Following the sale, the insider now owns 2,268,559 shares in the company, valued at approximately $57,076,944.44. This represents a 12.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 shares were 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 stock was 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 value 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 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 ARIS opened at $23.47 on Friday. Aris Water Solutions, Inc. has a 1 year low of $7.74 and a 1 year 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 stock has a 50 day simple moving average of $24.68 and a two-hundred day simple moving average of $19.14. The firm has a market cap of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ARIS. Wells Fargo & Company upped their price target on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Stifel Nicolaus upped their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup reiterated a “neutral” rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.17.

Hedge Funds Weigh In On Aris Water Solutions

Large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions during the second quarter valued at about $27,000. Meeder Asset Management Inc. bought a new position in Aris Water Solutions during the 3rd quarter worth approximately $39,000. New York State Teachers Retirement System grew its position in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after acquiring an additional 2,346 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Aris Water Solutions in the 2nd quarter worth approximately $82,000. Finally, Algert Global LLC bought a new stake in Aris Water Solutions in the second quarter valued at approximately $199,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.