Aris Water Solutions, Inc. (NYSE:ARIS) Sees Significant Drop in Short Interest

Aris Water Solutions, Inc. (NYSE:ARIS) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,650,000 shares, a drop of 17.1% from the February 13th total of 1,990,000 shares. Based on an average daily volume of 799,400 shares, the short-interest ratio is presently 2.1 days. Currently, 6.1% of the shares of the stock are sold short.

Insider Buying and Selling at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 160,539 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $25.18, for a total transaction of $4,042,372.02. Following the completion of the sale, the insider now directly owns 2,951,199 shares in the company, valued at approximately $74,311,190.82. This trade 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 is accessible through this link. Also, insider Nicholas A. Patterson sold 8,299 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total transaction of $253,949.40. Following the sale, the insider now owns 58,228 shares of the company’s stock, valued at approximately $1,781,776.80. The trade was a 12.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 948,881 shares of company stock valued at $24,246,969 over the last ninety days. Corporate insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently bought and sold shares of ARIS. Quarry LP acquired a new position in Aris Water Solutions in the 4th quarter valued at $27,000. Larson Financial Group LLC purchased a new stake in shares of Aris Water Solutions during the 4th quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Aris Water Solutions during the 4th quarter worth $33,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions during the 3rd quarter worth $39,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aris Water Solutions during the 4th quarter worth $52,000. 39.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ARIS shares. Citigroup restated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. The Goldman Sachs Group increased their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. 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 research note on Tuesday, December 17th. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Stock Up 1.5 %

Shares of NYSE ARIS traded up $0.45 during midday trading on Tuesday, hitting $29.44. The company’s stock had a trading volume of 1,188,422 shares, compared to its average volume of 496,050. The business’s fifty day simple moving average is $27.75 and its two-hundred day simple moving average is $23.18. 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 has a 1 year low of $12.44 and a 1 year high of $32.56. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 36.80 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a $0.14 dividend. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.90%. The ex-dividend date is Thursday, March 13th. Aris Water Solutions’s payout ratio is currently 70.00%.

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.