Aris Water Solutions (NYSE:ARIS) Shares Up 4.4% – What’s Next?

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price was up 4.4% during trading on Monday . The stock traded as high as $27.58 and last traded at $27.90. Approximately 595,217 shares traded hands during trading, an increase of 23% from the average daily volume of 482,770 shares. The stock had previously closed at $26.73.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ARIS. Citigroup reaffirmed a “neutral” rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock 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 raised their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus lifted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Aris Water Solutions has an average rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Stock Down 2.4 %

The firm’s 50-day simple moving average is $27.38 and its two-hundred day simple moving average is $22.83. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 37.29 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.14 dividend. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 1.88%. Aris Water Solutions’s dividend payout ratio is 70.00%.

Insider Activity

In other news, insider S Corp Gable sold 331,181 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $25.16, for a total value of $8,332,513.96. Following the sale, the insider now directly owns 2,268,559 shares in the company, valued at $57,076,944.44. This represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 4,159,678 shares of company stock worth $106,807,774 over the last 90 days. 23.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aris Water Solutions

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in Aris Water Solutions during the 4th quarter worth about $29,663,000. Eagle Asset Management Inc. acquired a new stake in shares of Aris Water Solutions during the 3rd quarter worth about $10,828,000. Whittier Trust Co. boosted its stake in shares of Aris Water Solutions by 70,079.1% during the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock worth $8,370,000 after purchasing an additional 348,994 shares during the last quarter. NBW Capital LLC grew its holdings in shares of Aris Water Solutions by 1,191.8% during the fourth quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock worth $6,307,000 after buying an additional 242,939 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Aris Water Solutions in the fourth quarter valued at approximately $5,717,000. 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.