Aris Water Solutions (NYSE:ARIS) Sets New 52-Week High at $17.27

Aris Water Solutions, Inc. (NYSE:ARIS)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.27 and last traded at $16.66, with a volume of 404252 shares traded. The stock had previously closed at $16.97.

Analyst Ratings Changes

A number of research firms have commented on ARIS. Citigroup increased their price objective on shares of Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Evercore ISI lifted their price target on Aris Water Solutions from $16.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Stifel Nicolaus upped their price objective on Aris Water Solutions from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, The Goldman Sachs Group lifted their target price on Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.93.

Aris Water Solutions Stock Down 1.8 %

The firm has a market cap of $967.78 million, a price-to-earnings ratio of 23.11 and a beta of 1.64. The stock has a 50-day moving average of $15.45 and a 200-day moving average of $12.84. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60.

Aris Water Solutions (NYSE:ARIS) last announced its earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $103.41 million for the quarter, compared to the consensus estimate of $97.43 million. Aris Water Solutions had a return on equity of 4.62% and a net margin of 5.73%. As a group, sell-side analysts forecast that Aris Water Solutions, Inc. will post 0.91 EPS for the current fiscal year.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors 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 2.52%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, June 6th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 58.33%.

Insiders Place Their Bets

In other news, CEO Amanda M. Brock sold 62,054 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $16.43, for a total transaction of $1,019,547.22. Following the sale, the chief executive officer now directly owns 487,909 shares of the company’s stock, valued at $8,016,344.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Amanda M. Brock sold 107,946 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $16.65, for a total value of $1,797,300.90. Following the completion of the sale, the chief executive officer now owns 549,963 shares in the company, valued at $9,156,883.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amanda M. Brock sold 62,054 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $16.43, for a total value of $1,019,547.22. Following the completion of the sale, the chief executive officer now directly owns 487,909 shares of the company’s stock, valued at approximately $8,016,344.87. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aris Water Solutions

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 4,503 shares during the last quarter. Saxon Interests Inc. acquired a new stake in shares of Aris Water Solutions during the 1st quarter valued at about $142,000. Oxford Asset Management LLP acquired a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $86,000. Quadrature Capital Ltd bought a new stake in shares of Aris Water Solutions in the 1st quarter valued at approximately $166,000. Finally, Inscription Capital LLC acquired a new position in Aris Water Solutions in the first quarter worth approximately $212,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.