Aris Water Solutions (NYSE:ARIS) Reaches New 1-Year High – What’s Next?

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $24.50 and last traded at $24.50, with a volume of 3561 shares trading hands. The stock had previously closed at $23.65.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ARIS shares. Evercore ISI lifted their target price on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their target price 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. 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 research note on Wednesday, November 6th. US Capital Advisors raised shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions presently has an average rating of “Moderate Buy” and an average price target of $18.50.

Aris Water Solutions Price Performance

The stock has a market capitalization of $1.46 billion, a P/E ratio of 31.40 and a beta of 1.62. The business has a fifty day simple moving average of $17.26 and a 200 day simple moving average of $16.21. The company has a current ratio of 1.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s payout ratio is currently 52.50%.

Hedge Funds Weigh In On Aris Water Solutions

A number of hedge funds have recently bought and sold shares of ARIS. Eagle Asset Management Inc. bought a new position in shares of Aris Water Solutions during the third quarter valued at about $10,828,000. Kennedy Capital Management LLC lifted its holdings in Aris Water Solutions by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock worth $8,415,000 after acquiring an additional 21,515 shares during the period. Clearbridge Investments LLC lifted its holdings in Aris Water Solutions by 7.2% during the first quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock worth $8,237,000 after acquiring an additional 39,145 shares during the period. Dimensional Fund Advisors LP boosted its position in Aris Water Solutions by 32.8% in the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after purchasing an additional 139,259 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock valued at $7,644,000 after purchasing an additional 284,788 shares during the period. 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.