Aris Water Solutions (NYSE:ARIS) Shares Up 3.8% – What’s Next?

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price traded up 3.8% during mid-day trading on Tuesday . The stock traded as high as $30.18 and last traded at $30.08. 346,507 shares were traded during trading, a decline of 30% from the average session volume of 492,751 shares. The stock had previously closed at $28.99.

Analyst Upgrades and Downgrades

ARIS has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price objective 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. Citigroup reaffirmed a “neutral” rating and issued a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Evercore ISI cut shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Wells Fargo & Company increased their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Trading Up 2.9 %

The stock has a market cap of $1.74 billion, a P/E ratio of 37.29 and a beta of 1.88. The firm’s 50 day simple moving average is $27.75 and its two-hundred day simple moving average is $23.18. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio is currently 70.00%.

Insiders Place Their Bets

In related news, major shareholder S Corp Gable sold 38,739 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.03, for a total value of $969,637.17. Following the sale, the insider now owns 3,111,738 shares of the company’s stock, valued at approximately $77,886,802.14. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $28.92, for a total value of $289,200.00. Following the transaction, the chief accounting officer now owns 44,827 shares of the company’s stock, valued at approximately $1,296,396.84. The trade was a 18.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 948,881 shares of company stock valued at $24,246,969 over the last quarter. Insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Several large investors have recently made changes to their positions in ARIS. Principal Financial Group Inc. bought a new stake in shares of Aris Water Solutions during the third quarter valued at about $514,000. Meeder Asset Management Inc. bought a new stake in shares of Aris Water Solutions during the 3rd quarter worth about $39,000. Advisors Asset Management Inc. lifted its stake in shares of Aris Water Solutions by 53.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company’s stock worth $355,000 after acquiring an additional 7,281 shares during the period. Eagle Asset Management Inc. bought a new position in shares of Aris Water Solutions in the third quarter valued at approximately $10,828,000. Finally, Martingale Asset Management L P increased its stake in shares of Aris Water Solutions by 81.0% during the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company’s stock valued at $1,022,000 after acquiring an additional 27,109 shares during the period. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.