Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Up 92.2% in November

Aris Water Solutions, Inc. (NYSE:ARIS) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,710,000 shares, an increase of 92.2% from the October 31st total of 889,600 shares. Based on an average daily volume of 402,800 shares, the days-to-cover ratio is presently 4.2 days. Currently, 6.7% of the company’s stock are short sold.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the transaction, the director now directly owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Eagle Asset Management Inc. purchased a new position in Aris Water Solutions in the 3rd quarter worth $10,828,000. American Century Companies Inc. boosted its position in Aris Water Solutions by 140.3% in the second 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. Dimensional Fund Advisors LP increased its holdings in Aris Water Solutions by 32.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after buying an additional 139,259 shares during the period. Exchange Traded Concepts LLC lifted its stake in Aris Water Solutions by 988.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after acquiring an additional 125,281 shares during the period. Finally, Nicholas Investment Partners LP purchased a new stake in shares of Aris Water Solutions in the 2nd quarter valued at $1,703,000. Institutional investors own 39.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ARIS. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday. Stifel Nicolaus lifted their price target on shares of Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Evercore ISI lifted their target price on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Aris Water Solutions Stock Up 0.1 %

ARIS stock traded up $0.04 during trading on Friday, hitting $26.90. 126,600 shares of the company’s stock traded hands, compared to its average volume of 363,848. The firm has a market capitalization of $1.57 billion, a P/E ratio of 33.63 and a beta of 1.62. Aris Water Solutions has a 1 year low of $7.22 and a 1 year high of $27.90. 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 business has a fifty day simple moving average of $19.84 and a two-hundred day simple moving average of $17.16.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s payout ratio is 52.50%.

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.