Aris Water Solutions (NYSE:ARIS) Reaches New 52-Week High – Here’s Why

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price reached a new 52-week high on Tuesday . The company traded as high as $20.49 and last traded at $20.33, with a volume of 152357 shares trading hands. The stock had previously closed at $16.56.

Analyst Upgrades and Downgrades

Separately, US Capital Advisors raised shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $15.25.

Aris Water Solutions Price Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30. The business has a fifty day moving average of $16.46 and a 200 day moving average of $15.84. The stock has a market cap of $1.23 billion, a PE ratio of 27.93 and a beta of 1.62.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $101.12 million during the quarter, compared to the consensus estimate of $97.86 million. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. Sell-side analysts anticipate that Aris Water Solutions, Inc. will post 0.88 earnings per share for the current year.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total value of $219,824.92. Following the transaction, the chief operating officer now owns 94,690 shares in the company, valued at $1,405,199.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 22.46% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Kayne Anderson Capital Advisors LP boosted its position in Aris Water Solutions by 93.2% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock valued at $16,886,000 after buying an additional 575,536 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of Aris Water Solutions by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock worth $8,415,000 after buying an additional 21,515 shares during the last quarter. Clearbridge Investments LLC increased its stake in Aris Water Solutions by 7.2% in the first quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after purchasing an additional 39,145 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Aris Water Solutions by 32.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after purchasing an additional 139,259 shares during the period. Finally, American Century Companies Inc. raised its position in Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after buying an additional 284,788 shares during the last quarter. Institutional investors 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.