Aris Water Solutions (NYSE:ARIS) Reaches New 1-Year High – What’s Next?

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.72 and last traded at $32.06, with a volume of 376571 shares traded. The stock had previously closed at $31.85.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ARIS shares. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company upped their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Citigroup reaffirmed 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. Finally, Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $25.00 to $27.00 in a research report 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Stock Up 0.1 %

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 firm has a 50 day simple moving average of $28.03 and a 200-day simple moving average of $23.33. The stock has a market cap of $1.86 billion, a P/E ratio of 39.76 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The firm 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 positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 1.76%. Aris Water Solutions’s dividend payout ratio is currently 70.00%.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, major shareholder S Corp Gable sold 160,539 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $25.18, for a total transaction of $4,042,372.02. Following the transaction, the insider now owns 2,951,199 shares in the company, valued at $74,311,190.82. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Insiders have sold 1,910,142 shares of company stock worth $50,977,332 over the last 90 days. Company insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in Aris Water Solutions during the 4th quarter worth $27,000. Larson Financial Group LLC acquired a new stake in shares of Aris Water Solutions in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Aris Water Solutions in the 4th quarter valued at $33,000. Meeder Asset Management Inc. acquired a new stake in shares of Aris Water Solutions in the 3rd quarter valued at $39,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Aris Water Solutions in the 4th quarter valued at $52,000. Institutional investors own 39.71% of the company’s stock.

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.