Aris Water Solutions (NYSE:ARIS) Sees Unusually-High Trading Volume – Here’s What Happened

Aris Water Solutions, Inc. (NYSE:ARIS) saw unusually-high trading volume on Wednesday . Approximately 565,260 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 534,189 shares.The stock last traded at $33.55 and had previously closed at $32.59.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Citigroup reaffirmed a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group increased their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Trading Up 2.8 %

The stock has a fifty day moving average of $28.90 and a 200 day moving average of $24.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $1.96 billion, a P/E ratio of 41.86 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.14 per share. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 1.67%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 70.00%.

Insiders Place Their Bets

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider S Corp Gable sold 331,181 shares of Aris Water Solutions 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 trade represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,433,195 shares of company stock worth $38,936,166 over the last three months. 23.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aris Water Solutions

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