Aris Water Solutions (NYSE:ARIS) Reaches New 12-Month High – Here’s What Happened

Aris Water Solutions, Inc. (NYSE:ARIS) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $33.91 and last traded at $33.25, with a volume of 1063739 shares. The stock had previously closed at $32.53.

Analyst Ratings Changes

A number of research firms have recently weighed in on ARIS. Wells Fargo & Company boosted their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Citigroup restated a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Trading Up 2.2 %

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 firm’s fifty day moving average is $28.57 and its two-hundred day moving average is $23.84. The firm has a market cap of $1.94 billion, a P/E ratio of 41.56 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. 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 dividend on an annualized basis and a dividend yield of 1.68%. Aris Water Solutions’s payout ratio is presently 70.00%.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, COO Brunt David Dylan Van sold 32,305 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $30.15, for a total transaction of $973,995.75. Following the completion of the transaction, the chief operating officer now owns 85,656 shares of the company’s stock, valued at approximately $2,582,528.40. This trade represents a 27.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder S Corp Gable sold 316,408 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $25.28, for a total transaction of $7,998,794.24. Following the completion of the sale, the insider now directly owns 2,634,791 shares in the company, valued at $66,607,516.48. This represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,749,603 shares of company stock worth $46,934,960 over the last 90 days. 23.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ARIS. Quarry LP bought a new position in shares of Aris Water Solutions during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC purchased a new stake in shares of Aris Water Solutions in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in Aris Water Solutions during the 4th quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Aris Water Solutions during the fourth quarter valued at $52,000. Finally, Meeder Asset Management Inc. raised its stake in Aris Water Solutions by 74.5% during the fourth quarter. Meeder Asset Management Inc. now owns 4,042 shares of the company’s stock valued at $97,000 after buying an additional 1,726 shares during the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

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.