Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Update

Aris Water Solutions, Inc. (NYSE:ARIS) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,830,000 shares, a growth of 8.9% from the January 15th total of 1,680,000 shares. Based on an average daily volume of 687,800 shares, the days-to-cover ratio is currently 2.7 days. Approximately 7.2% of the company’s shares are sold short.

Aris Water Solutions Stock Up 2.1 %

Shares of Aris Water Solutions stock opened at $27.65 on Tuesday. 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 company has a market cap of $1.61 billion, a P/E ratio of 34.56 and a beta of 1.94. The firm’s 50 day moving average price is $26.28 and its 200-day moving average price is $21.40. Aris Water Solutions has a 52-week low of $9.17 and a 52-week high of $30.40.

Analyst Ratings Changes

Several brokerages recently issued reports on ARIS. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Stifel Nicolaus raised their price target on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. 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 raised their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Hold” and an average target price of $26.50.

Insider Buying and Selling

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total transaction of $83,202,922.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was 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 in the company, valued at approximately $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,159,678 shares of company stock valued at $106,807,774 in the last ninety days. 23.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of Aris Water Solutions during the third quarter valued at about $2,080,000. New York State Teachers Retirement System increased its stake 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 valued at $41,000 after purchasing an additional 2,346 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Aris Water Solutions in the third quarter worth $514,000. Meeder Asset Management Inc. acquired a new stake in shares of Aris Water Solutions during the third quarter worth $39,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Aris Water Solutions by 53.0% during the third quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company’s stock valued at $355,000 after buying an additional 7,281 shares during the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.