Aris Water Solutions (NYSE:ARIS) Trading 4.2% Higher – What’s Next?

Aris Water Solutions, Inc. (NYSE:ARIS) rose 4.2% during mid-day trading on Tuesday . The company traded as high as $15.77 and last traded at $15.77. Approximately 42,786 shares were traded during trading, a decline of 88% from the average daily volume of 342,686 shares. The stock had previously closed at $15.14.

Wall Street Analysts Forecast Growth

Separately, US Capital Advisors upgraded shares of Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aris Water Solutions presently has an average rating of “Buy” and an average price target of $15.25.

Aris Water Solutions Stock Up 3.7 %

The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.62. The stock has a market cap of $948.37 million, a P/E ratio of 21.76 and a beta of 1.62. The firm has a 50-day simple moving average of $16.48 and a two-hundred day simple moving average of $15.77.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $101.12 million for the quarter, compared to analyst estimates of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. Equities research analysts expect that Aris Water Solutions, Inc. will post 0.88 earnings per share for the current fiscal year.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, September 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 56.00%.

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the sale, the chief operating officer now directly owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Several large investors have recently made changes to their positions in ARIS. GSA Capital Partners LLP lifted its stake in Aris Water Solutions by 271.8% during the first quarter. GSA Capital Partners LLP now owns 87,979 shares of the company’s stock worth $1,245,000 after purchasing an additional 64,318 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in Aris Water Solutions by 93.2% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock valued at $16,886,000 after buying an additional 575,536 shares in the last quarter. Inspire Investing LLC bought a new position in Aris Water Solutions in the first quarter valued at about $359,000. Clearbridge Investments LLC raised its stake 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 in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Aris Water Solutions in the first quarter worth about $166,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.