Aris Water Solutions, Inc. (NYSE:ARIS) Sees Significant Drop in Short Interest

Aris Water Solutions, Inc. (NYSE:ARIS) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 1,650,000 shares, a decline of 17.1% from the February 13th total of 1,990,000 shares. Approximately 6.1% of the shares of the stock are sold short. Based on an average daily volume of 799,400 shares, the short-interest ratio is currently 2.1 days.

Wall Street Analyst Weigh In

ARIS has been the topic of several analyst reports. Wells Fargo & Company raised their price target on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Citigroup reiterated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Aris Water Solutions Stock Up 1.5 %

NYSE:ARIS traded up $0.45 during trading hours on Tuesday, hitting $29.44. The stock had a trading volume of 1,188,422 shares, compared to its average volume of 496,050. Aris Water Solutions has a 1-year low of $12.44 and a 1-year high of $32.56. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.72 billion, a PE ratio of 36.80 and a beta of 1.88. The business has a 50 day simple moving average of $27.75 and a two-hundred day simple moving average of $23.18.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, March 13th. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s payout ratio is currently 70.00%.

Insiders Place Their Bets

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the transaction, the insider now directly owns 3,111,738 shares in the company, valued at approximately $77,886,802.14. This represents a 1.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $28.92, for a total transaction of $289,200.00. Following the sale, the chief accounting officer now directly owns 44,827 shares in the company, valued at $1,296,396.84. This represents a 18.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 948,881 shares of company stock worth $24,246,969. Corporate insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

A number of hedge funds have recently added to or reduced their stakes in ARIS. Quarry LP bought a new stake in Aris Water Solutions in the fourth quarter worth about $27,000. Larson Financial Group LLC purchased a new position in Aris Water Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Aris Water Solutions in the 4th quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new stake in shares of Aris Water Solutions in the 3rd quarter valued at approximately $39,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Aris Water Solutions in the 4th quarter valued at approximately $52,000. 39.71% of the stock is currently 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.