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

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 160,539 shares of Aris Water Solutions stock in a transaction that occurred 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 sale, the insider now owns 2,951,199 shares in the company, valued at approximately $74,311,190.82. This 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 can be accessed through this hyperlink. 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 shares were 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 stock was 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 value of $1,475,027.05.

Aris Water Solutions Stock Down 5.1 %

NYSE ARIS traded down $1.30 on Friday, hitting $24.04. 227,550 shares of the company were exchanged, compared to its average volume of 368,985. Aris Water Solutions, Inc. has a 12 month low of $7.74 and a 12 month high of $27.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.40 billion, a PE ratio of 30.05 and a beta of 1.91. The stock has a fifty day moving average of $23.02 and a 200-day moving average of $18.47.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.75%. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Institutional Trading of Aris Water Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after buying an additional 80,490 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in Aris Water Solutions during the 3rd quarter worth approximately $10,828,000. Geode Capital Management LLC raised its stake in shares of Aris Water Solutions by 3.0% in the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock worth $10,450,000 after purchasing an additional 18,304 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after purchasing an additional 139,259 shares in the last quarter. Finally, Wasatch Advisors LP boosted its position in shares of Aris Water Solutions by 4.7% during the third quarter. Wasatch Advisors LP now owns 523,533 shares of the company’s stock valued at $8,832,000 after buying an additional 23,594 shares during the last quarter. 39.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ARIS. The Goldman Sachs Group increased their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company boosted 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 research report on Wednesday, December 18th. Evercore ISI upped 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. 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 note on Tuesday, December 17th. Finally, 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. 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 MarketBeat, Aris Water Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $24.83.

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.