Aris Water Solutions (NYSE:ARIS) Sets New 52-Week High – Still a Buy?

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price 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. The stock had previously closed at $27.19.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ARIS. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Evercore ISI lifted their target price on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Citigroup reiterated a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. The Goldman Sachs Group boosted their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.17.

Aris Water Solutions Stock Up 0.6 %

The business has a 50-day moving average of $25.06 and a 200 day moving average of $19.35. The company has a market capitalization of $1.59 billion, a PE ratio of 34.18 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.54%. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Insider Buying and Selling

In related news, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider S Corp Gable sold 31,410 shares of Aris Water Solutions stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total transaction of $786,506.40. Following the transaction, the insider now directly owns 2,599,740 shares of the company’s stock, valued at $65,097,489.60. The trade was a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 937,508 shares of company stock worth $23,642,936. Insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in shares of Aris Water Solutions by 1.7% during the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after purchasing an additional 758 shares during the period. American Century Companies Inc. increased its position in shares of Aris Water Solutions by 140.3% during the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after acquiring an additional 284,788 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after acquiring an additional 139,259 shares in the last quarter. Renaissance Technologies LLC raised its position in Aris Water Solutions by 93.5% during the 2nd quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock valued at $3,103,000 after purchasing an additional 95,700 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Aris Water Solutions in the 2nd quarter worth $312,000. 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.