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

Aris Water Solutions, Inc. (NYSE:ARIS) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,650,000 shares, a drop of 17.1% from the February 13th total of 1,990,000 shares. Currently, 6.1% of the shares of the stock are sold short. Based on an average daily volume of 799,400 shares, the days-to-cover ratio is currently 2.1 days.

Aris Water Solutions Trading Up 8.4 %

Shares of NYSE:ARIS traded up $2.48 on Wednesday, hitting $31.95. The company had a trading volume of 1,247,421 shares, compared to its average volume of 499,230. Aris Water Solutions has a 1 year low of $12.44 and a 1 year high of $32.56. 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 firm’s 50-day simple moving average is $27.87 and its two-hundred day simple moving average is $23.27. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 39.94 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.75%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 13th. Aris Water Solutions’s payout ratio is presently 70.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on ARIS. Wells Fargo & Company increased their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group increased their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup restated a “neutral” rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.00.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, major shareholder S Corp Gable sold 160,539 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $25.18, for a total value of $4,042,372.02. Following the completion of the sale, the insider now owns 2,951,199 shares of the company’s stock, valued at $74,311,190.82. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas A. Patterson sold 8,299 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the transaction, the insider now directly owns 58,228 shares in the company, valued at approximately $1,781,776.80. This represents a 12.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 910,142 shares of company stock valued at $23,277,332 over the last three months. 23.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARIS. Quarry LP purchased a new position in Aris Water Solutions during the fourth quarter valued at $27,000. Larson Financial Group LLC purchased a new position in Aris Water Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new stake in Aris Water Solutions during the fourth quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions in the fourth quarter worth about $52,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions during the third quarter valued at approximately $39,000. 39.71% of the stock is 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.