Aris Water Solutions (NYSE:ARIS) Sets New 52-Week High – What’s Next?

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) reached a new 52-week high on Wednesday . The company traded as high as $27.90 and last traded at $27.54, with a volume of 19387 shares changing hands. The stock had previously closed at $27.23.

Wall Street Analyst Weigh In

ARIS has been the topic of several research reports. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday. Stifel Nicolaus lifted their price target on Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI upped their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price target on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Aris Water Solutions Price Performance

The stock has a market capitalization of $1.57 billion, a PE ratio of 34.04 and a beta of 1.62. The stock’s 50 day moving average price is $19.03 and its 200-day moving average price is $16.88. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Insider Activity

In other news, Director Debra Coy sold 1,500 shares of the firm’s 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 transaction, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 22.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions during the second quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new stake in Aris Water Solutions during the 3rd quarter valued at $39,000. New York State Teachers Retirement System boosted its position in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after acquiring an additional 2,346 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Aris Water Solutions in the 2nd quarter valued at $46,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Aris Water Solutions in the 2nd quarter worth $82,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.