Aris Water Solutions (NYSE:ARIS) Trading Up 2.7% – What’s Next?

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price shot up 2.7% during mid-day trading on Monday . The stock traded as high as $32.31 and last traded at $32.64. 55,825 shares changed hands during trading, a decline of 89% from the average session volume of 528,665 shares. The stock had previously closed at $31.78.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ARIS. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Wells Fargo & Company raised their price target on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Stifel Nicolaus boosted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Citigroup reiterated 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, The Goldman Sachs Group raised their price target 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Stock Up 1.7 %

The stock has a market cap of $1.89 billion, a P/E ratio of 40.52 and a beta of 1.88. The company’s fifty day moving average price is $28.78 and its 200-day moving average price is $24.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio (DPR) is 70.00%.

Insider Buying and Selling at Aris Water Solutions

In related news, CAO Jeffrey K. Hunt sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total value of $289,200.00. Following the completion of the transaction, the chief accounting officer now owns 44,827 shares of the company’s stock, valued at approximately $1,296,396.84. This represents a 18.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider S Corp Gable sold 31,410 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total transaction of $786,506.40. Following the transaction, the insider now owns 2,599,740 shares of the company’s stock, valued at $65,097,489.60. This represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,433,195 shares of company stock worth $38,936,166 over the last three months. Corporate insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

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