Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Update

Aris Water Solutions, Inc. (NYSE:ARIS) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,830,000 shares, an increase of 8.9% from the January 15th total of 1,680,000 shares. Currently, 7.2% of the company’s shares are short sold. Based on an average daily volume of 687,800 shares, the short-interest ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARIS. Stifel Nicolaus lifted 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. Citigroup reissued a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. The Goldman Sachs Group lifted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. US Capital Advisors downgraded 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 downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price target for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $26.50.

Insider Transactions at Aris Water Solutions

In related news, insider S Corp Gable sold 331,181 shares of Aris Water Solutions stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the completion of the transaction, the insider now owns 2,268,559 shares of the company’s stock, valued at $57,076,944.44. This trade represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,159,678 shares of company stock worth $106,807,774. Company insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in Aris Water Solutions during the third quarter worth about $2,080,000. New York State Teachers Retirement System boosted its holdings in Aris Water Solutions by 2,346.0% during the third 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 during the last quarter. Principal Financial Group Inc. purchased a new position in Aris Water Solutions during the third quarter worth about $514,000. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions during the third quarter worth about $39,000. Finally, Advisors Asset Management Inc. boosted its holdings in Aris Water Solutions by 53.0% during the third quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company’s stock worth $355,000 after purchasing an additional 7,281 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

Aris Water Solutions Stock Up 2.1 %

Shares of NYSE ARIS traded up $0.56 during mid-day trading on Friday, reaching $27.65. 354,749 shares of the company’s stock traded hands, compared to its average volume of 990,402. The stock has a market cap of $1.61 billion, a P/E ratio of 34.56 and a beta of 1.94. The business has a 50-day simple moving average of $26.23 and a 200 day simple moving average of $21.32. Aris Water Solutions has a 1-year low of $9.17 and a 1-year high of $30.40. 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 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.