Aris Water Solutions (NYSE:ARIS) Reaches New 12-Month High – What’s Next?

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) hit a new 52-week high on Thursday . The company traded as high as $31.19 and last traded at $29.80, with a volume of 170434 shares changing hands. The stock had previously closed at $25.66.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. 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 report on Tuesday, December 17th. The Goldman Sachs Group upped their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Four 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 company currently has an average rating of “Hold” and a consensus price target of $26.50.

Aris Water Solutions Stock Performance

The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 39.31 and a beta of 1.94. The firm’s 50-day moving average price is $26.55 and its two-hundred day moving average price is $21.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the completion of the transaction, the insider now owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,678 shares of company stock valued at $106,807,774 in the last 90 days. 22.46% of the stock is owned by corporate insiders.

Institutional Trading of Aris Water Solutions

Large investors have recently made changes to their positions in the business. Quarry LP bought a new stake in Aris Water Solutions during the 4th quarter worth about $27,000. Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new position in Aris Water Solutions in the 3rd quarter worth approximately $39,000. Finally, New York State Teachers Retirement System lifted its holdings 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 buying an additional 2,346 shares in the last quarter. 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.