Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder S Corp Gable Sells 316,408 Shares

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) major shareholder S Corp Gable sold 316,408 shares of the company's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $25.28, for a total value of $7,998,794.24. Following the completion of the sale, the insider now owns 2,634,791 shares of the company's stock, valued at approximately $66,607,516.48. The trade was a 10.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major 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 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 value 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 value of $1,475,027.05.

Aris Water Solutions Stock Down 5.0 %

Shares of ARIS traded down $1.27 during mid-day trading on Friday, reaching $24.07. The company's stock had a trading volume of 486,401 shares, compared to its average volume of 370,044. Aris Water Solutions, Inc. has a 12-month low of $7.74 and a 12-month high of $27.94. The stock has a market cap of $1.40 billion, a PE ratio of 30.09 and a beta of 1.91. 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 company's 50 day moving average is $23.18 and its 200 day moving average is $18.54.

Aris Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.74%. Aris Water Solutions's payout ratio is currently 52.50%.

Wall Street Analyst Weigh In

ARIS has been the subject of several analyst reports. Evercore ISI upped their target price on Aris Water Solutions from $20.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Stifel Nicolaus upped their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. The Goldman Sachs Group upped 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. Finally, JPMorgan Chase & Co. lowered Aris Water Solutions from an "overweight" rating to a "neutral" rating and upped their price target for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $24.83.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company's stock valued at $11,173,000 after acquiring an additional 80,490 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in Aris Water Solutions during the 3rd quarter worth approximately $10,828,000. Geode Capital Management LLC grew its stake in Aris Water Solutions by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock worth $10,450,000 after buying an additional 18,304 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company's stock worth $8,836,000 after buying an additional 139,259 shares during the last quarter. Finally, Wasatch Advisors LP grew its stake in Aris Water Solutions by 4.7% during the 3rd quarter. Wasatch Advisors LP now owns 523,533 shares of the company's stock worth $8,832,000 after buying an additional 23,594 shares during the last quarter. 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.