Aris Water Solutions (NYSE:ARIS) Sets New 1-Year High – Time to Buy?

Aris Water Solutions, Inc. (NYSE:ARIS) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.16 and last traded at $28.07, with a volume of 173618 shares traded. The stock had previously closed at $27.19.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $25.00 to $27.00 in a report on Wednesday. Citigroup reissued a “neutral” rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. The Goldman Sachs Group upped their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. downgraded 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 research report on Wednesday, November 6th. Finally, Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.50.

Aris Water Solutions Stock Down 0.7 %

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 stock has a 50 day simple moving average of $25.32 and a 200 day simple moving average of $19.50. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 35.83 and a beta of 1.94.

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.47%. Aris Water Solutions’s dividend payout ratio is presently 52.50%.

Insider Activity

In related news, major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the sale, the insider now directly owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 937,508 shares of company stock worth $23,642,936 over the last 90 days. 22.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Aris Water Solutions

Hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions during the second quarter worth $27,000. Meeder Asset Management Inc. bought a new stake in shares of Aris Water Solutions in the third quarter valued at $39,000. New York State Teachers Retirement System raised its stake in shares of Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after buying an additional 2,346 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Aris Water Solutions in the second quarter valued at $82,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Aris Water Solutions in the third quarter valued at $2,080,000. 39.71% of the stock is currently owned by 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.