Aris Water Solutions (NYSE:ARIS) Reaches New 1-Year High – What’s Next?

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) hit a new 52-week high on Thursday . The company traded as high as $32.72 and last traded at $32.06, with a volume of 376571 shares changing hands. The stock had previously closed at $31.85.

Wall Street Analyst Weigh In

ARIS has been the topic of several recent research reports. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Citigroup reissued a “neutral” rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Stifel Nicolaus raised their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. The Goldman Sachs Group raised their price objective on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Wells Fargo & Company raised their price objective 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Price Performance

The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 39.76 and a beta of 1.88. The company has a fifty day simple moving average of $28.03 and a 200 day simple moving average of $23.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.76%. Aris Water Solutions’s payout ratio is presently 70.00%.

Insiders Place Their Bets

In other news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of Aris Water Solutions 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 can be accessed through the SEC website. Also, insider S Corp Gable sold 31,410 shares of Aris Water Solutions stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $25.04, for a total value of $786,506.40. Following the completion of the transaction, the insider now directly owns 2,599,740 shares of the company’s stock, valued at approximately $65,097,489.60. This trade represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,910,142 shares of company stock valued at $50,977,332. 23.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Aris Water Solutions in the 4th quarter worth about $27,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions in the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new stake in Aris Water Solutions in the 4th quarter valued at about $33,000. Meeder Asset Management Inc. bought a new stake in Aris Water Solutions in the 3rd quarter valued at about $39,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Aris Water Solutions in the 4th quarter valued at about $52,000. 39.71% of the stock is owned by institutional investors.

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.