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

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction dated 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 transaction, the insider now directly owns 3,165,939 shares in the company, valued at $80,889,741.45. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Aris Water Solutions Trading Down 5.9 %

ARIS opened at $23.33 on Thursday. Aris Water Solutions, Inc. has a 52 week low of $7.74 and a 52 week high of $27.94. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $22.05 and a 200-day simple moving average of $18.09. The firm has a market cap of $1.36 billion, a P/E ratio of 29.16 and a beta of 1.91.

Aris Water Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

ARIS has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Evercore ISI raised their target price on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday. 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. Finally, JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.33.

Institutional Trading of Aris Water Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Aris Water Solutions in the second quarter worth $27,000. Meeder Asset Management Inc. acquired a new position in Aris Water Solutions during the 3rd quarter worth $39,000. New York State Teachers Retirement System grew its stake 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 purchasing an additional 2,346 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Aris Water Solutions during the 2nd quarter worth about $46,000. Finally, Point72 Asset Management L.P. acquired a new stake in Aris Water Solutions in the 2nd quarter valued at about $82,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.