Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) major shareholder S Corp Gable sold 160,539 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $25.18, for a total value of $4,042,372.02. Following the sale, the insider now owns 2,951,199 shares of the company's stock, valued at $74,311,190.82. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 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 stock was sold at an average price of $25.28, for a total value 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 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 Stock Down 5.0 %
ARIS traded down $1.27 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. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 30.09 and a beta of 1.91. 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 business's 50 day moving average is $23.18 and its 200 day moving average is $18.54.
Aris Water Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions's dividend payout ratio is presently 52.50%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions during the 2nd quarter worth approximately $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 lifted its holdings 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 buying an additional 2,346 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Aris Water Solutions during the 2nd quarter worth approximately $82,000. Finally, Algert Global LLC bought a new position in Aris Water Solutions during the 2nd quarter worth approximately $199,000. Institutional investors own 39.71% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on ARIS. JPMorgan Chase & Co. downgraded Aris Water Solutions from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $19.00 to $22.00 in a research 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. Stifel Nicolaus increased their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. 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 report on Thursday, December 19th. Finally, Wells Fargo & Company increased their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Aris Water Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $24.83.
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About Aris Water Solutions
(
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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.
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