Aris Water Solutions, Inc. (NYSE:ARIS) Sees Large Decline in Short Interest

Aris Water Solutions, Inc. (NYSE:ARIS) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 1,260,000 shares, a decline of 5.3% from the May 31st total of 1,330,000 shares. Based on an average daily volume of 369,400 shares, the days-to-cover ratio is currently 3.4 days. Currently, 5.0% of the company’s stock are short sold.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, CEO Amanda M. Brock sold 107,946 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $16.65, for a total transaction of $1,797,300.90. Following the sale, the chief executive officer now directly owns 549,963 shares of the company’s stock, valued at approximately $9,156,883.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Amanda M. Brock sold 62,054 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.43, for a total transaction of $1,019,547.22. Following the transaction, the chief executive officer now directly owns 487,909 shares in the company, valued at approximately $8,016,344.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Amanda M. Brock sold 107,946 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $16.65, for a total transaction of $1,797,300.90. Following the transaction, the chief executive officer now owns 549,963 shares in the company, valued at $9,156,883.95. The disclosure for this sale can be found here. Company insiders own 22.46% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in Aris Water Solutions by 221.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock valued at $55,000 after acquiring an additional 4,503 shares during the period. Oxford Asset Management LLP acquired a new position in shares of Aris Water Solutions during the fourth quarter valued at about $86,000. SG Americas Securities LLC raised its position in shares of Aris Water Solutions by 31.9% during the fourth quarter. SG Americas Securities LLC now owns 16,101 shares of the company’s stock valued at $135,000 after buying an additional 3,897 shares during the last quarter. Saxon Interests Inc. acquired a new position in shares of Aris Water Solutions during the first quarter valued at about $142,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Aris Water Solutions by 27.3% during the third quarter. PNC Financial Services Group Inc. now owns 16,253 shares of the company’s stock valued at $162,000 after buying an additional 3,486 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors.

Aris Water Solutions Stock Up 2.8 %

ARIS stock opened at $15.84 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09. Aris Water Solutions has a 52-week low of $7.22 and a 52-week high of $17.27. The company has a 50-day moving average of $15.20 and a two-hundred day moving average of $12.33. The stock has a market capitalization of $920.15 million, a price-to-earnings ratio of 22.00 and a beta of 1.64.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Aris Water Solutions had a net margin of 5.73% and a return on equity of 4.62%. The company had revenue of $103.41 million during the quarter, compared to analysts’ expectations of $97.43 million. As a group, equities research analysts anticipate that Aris Water Solutions will post 0.91 EPS for the current year.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.65%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 6th. Aris Water Solutions’s dividend payout ratio is 58.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ARIS. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. The Goldman Sachs Group boosted their price target on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Wells Fargo & Company upped their price objective on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Citigroup upped their price objective on shares of Aris Water Solutions from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, Stifel Nicolaus upped their price objective on shares of Aris Water Solutions from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.93.

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.