Aris Water Solutions (NYSE:ARIS) Trading Down 5.5% – Should You Sell?

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price was down 5.5% during mid-day trading on Thursday . The company traded as low as $27.11 and last traded at $27.16. Approximately 118,985 shares traded hands during trading, a decline of 75% from the average daily volume of 475,794 shares. The stock had previously closed at $28.73.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ARIS shares. Stifel Nicolaus upped their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Citigroup reiterated 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. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their target price for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted 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 assigned a buy rating to the stock. Based on data from MarketBeat, Aris Water Solutions presently has a consensus rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Price Performance

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 market capitalization of $1.52 billion, a price-to-earnings ratio of 32.73 and a beta of 1.94. The business’s 50 day simple moving average is $27.02 and its 200-day simple moving average is $22.42.

Aris Water Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.14%. 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 dividend payout ratio (DPR) is 70.00%.

Insider Activity at Aris Water Solutions

In other news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total value of $83,202,922.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider S Corp Gable sold 31,410 shares of Aris Water Solutions stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the transaction, the insider now owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. This represents a 1.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,159,678 shares of company stock valued at $106,807,774 over the last three months. 23.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quarry LP bought a new stake in Aris Water Solutions in the fourth quarter valued at $27,000. Larson Financial Group LLC bought a new stake in shares of Aris Water Solutions during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Aris Water Solutions during the 4th quarter valued at $33,000. Meeder Asset Management Inc. purchased a new position in shares of Aris Water Solutions during the 3rd quarter valued at about $39,000. Finally, New York State Teachers Retirement System lifted its position in shares of 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 buying an additional 2,346 shares in the last quarter. Hedge funds and other 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.