Insider Selling: Aris Water Solutions, Inc. (NYSE:ARIS) Major Shareholder Sells 3,223,670 Shares of Stock

Aris Water Solutions, Inc. (NYSE:ARIS) major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Aris Water Solutions Stock Up 2.0 %

Shares of ARIS stock traded up $0.56 during trading on Thursday, reaching $29.41. The company’s stock had a trading volume of 705,596 shares, compared to its average volume of 1,089,414. The stock’s 50-day moving average price is $25.82 and its 200 day moving average price is $19.97. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 36.77 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. Aris Water Solutions, Inc. has a 1-year low of $8.08 and a 1-year high of $30.40.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.43%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

Wall Street Analyst Weigh In

ARIS has been the topic of several recent analyst reports. 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. Citigroup restated a “neutral” rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus increased their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its position in Aris Water Solutions by 277.0% in the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after acquiring an additional 25,790 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Aris Water Solutions by 116.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after purchasing an additional 216,158 shares during the period. State Street Corp grew its stake in Aris Water Solutions by 13.8% during the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after buying an additional 80,490 shares during the last quarter. HighTower Advisors LLC increased its position in Aris Water Solutions by 66.2% during the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock worth $361,000 after buying an additional 8,499 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Aris Water Solutions in the third quarter valued at approximately $266,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.