Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Update

Aris Water Solutions, Inc. (NYSE:ARIS) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,830,000 shares, an increase of 8.9% from the January 15th total of 1,680,000 shares. Currently, 7.2% of the shares of the company are short sold. Based on an average trading volume of 687,800 shares, the days-to-cover ratio is currently 2.7 days.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company upped their target price on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Stifel Nicolaus upped their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Citigroup reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.50.

Insider Buying and Selling at Aris Water Solutions

In other news, major shareholder S Corp Gable sold 38,739 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the sale, the insider now owns 3,111,738 shares of the company’s stock, valued at $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Insiders have sold a total of 4,159,678 shares of company stock worth $106,807,774 over the last three months. 23.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Aris Water Solutions

A number of institutional investors have recently made changes to their positions in ARIS. Raymond James Financial Inc. bought a new position in shares of Aris Water Solutions in the 4th quarter worth $29,663,000. Eagle Asset Management Inc. purchased a new stake in shares of Aris Water Solutions in the 3rd quarter valued at $10,828,000. Whittier Trust Co. boosted its stake in shares of Aris Water Solutions by 70,079.1% in the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company’s stock valued at $8,370,000 after purchasing an additional 348,994 shares in the last quarter. NBW Capital LLC boosted its stake in shares of Aris Water Solutions by 1,191.8% in the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company’s stock valued at $6,307,000 after purchasing an additional 242,939 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in shares of Aris Water Solutions in the 4th quarter valued at $5,492,000. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Price Performance

Shares of NYSE:ARIS traded up $0.56 during trading on Friday, reaching $27.65. The company had a trading volume of 354,749 shares, compared to its average volume of 990,402. The company has a fifty day moving average of $26.23 and a two-hundred day moving average of $21.32. The stock has a market capitalization of $1.61 billion, a P/E ratio of 34.56 and a beta of 1.94. Aris Water Solutions has a 12 month low of $9.17 and a 12 month high of $30.40. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

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.