S Corp Gable Sells 57,731 Shares of Aris Water Solutions, Inc. (NYSE:ARIS) Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the sale, the insider now owns 3,165,939 shares in the company, valued at $80,889,741.45. This represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Aris Water Solutions Price Performance

ARIS stock traded down $1.46 during midday trading on Wednesday, reaching $23.33. 444,082 shares of the company’s stock traded hands, compared to its average volume of 364,242. The company has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $18.09. 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 1-year low of $7.74 and a 1-year high of $27.94. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 29.16 and a beta of 1.91.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.80%. Aris Water Solutions’s dividend payout ratio (DPR) is 52.50%.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in Aris Water Solutions by 140.3% in 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 during the period. International Assets Investment Management LLC bought a new position in shares of Aris Water Solutions in the 3rd quarter valued at about $2,080,000. Exchange Traded Concepts LLC grew its position in shares of Aris Water Solutions by 988.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after buying an additional 125,281 shares during the period. Martingale Asset Management L P raised its stake in shares of Aris Water Solutions by 81.0% during the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock worth $1,022,000 after buying an additional 27,109 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in Aris Water Solutions in the second quarter valued at approximately $765,000. Institutional investors own 39.71% of the company’s stock.

Wall Street Analysts Forecast Growth

ARIS has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective 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. The Goldman Sachs Group lifted their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. 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. Evercore ISI upped 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. Finally, Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.33.

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.