Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Up 7.1% in June

Aris Water Solutions, Inc. (NYSE:ARIS) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,350,000 shares, an increase of 7.1% from the June 15th total of 1,260,000 shares. Currently, 5.4% of the company’s shares are short sold. Based on an average daily volume of 375,000 shares, the days-to-cover ratio is presently 3.6 days.

Aris Water Solutions Price Performance

Shares of NYSE ARIS opened at $16.17 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $939.32 million, a price-to-earnings ratio of 22.46 and a beta of 1.64. Aris Water Solutions has a twelve month low of $7.22 and a twelve month high of $17.27. The business has a 50 day simple moving average of $15.43 and a 200-day simple moving average of $12.89.

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

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were paid a dividend of $0.105 per share. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, June 6th. This represents a $0.42 annualized dividend and a yield of 2.60%. Aris Water Solutions’s dividend payout ratio is 58.33%.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, CEO Amanda M. Brock sold 62,054 shares of Aris Water Solutions stock in a transaction that occurred 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 of the company’s stock, valued at $8,016,344.87. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Amanda M. Brock sold 107,946 shares of the stock in a transaction dated 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 legal filing with the SEC, which is available through this link. Also, CEO Amanda M. Brock sold 62,054 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 487,909 shares in the company, valued at $8,016,344.87. The disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Aris Water Solutions by 9.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after acquiring an additional 1,902 shares during the period. SG Americas Securities LLC grew its position in Aris Water Solutions by 31.9% in the 4th quarter. SG Americas Securities LLC now owns 16,101 shares of the company’s stock worth $135,000 after purchasing an additional 3,897 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Aris Water Solutions by 221.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock worth $55,000 after purchasing an additional 4,503 shares during the last quarter. Bridge City Capital LLC increased its stake in shares of Aris Water Solutions by 3.4% in the first quarter. Bridge City Capital LLC now owns 171,730 shares of the company’s stock valued at $2,430,000 after purchasing an additional 5,708 shares during the period. Finally, Saxon Interests Inc. bought a new stake in shares of Aris Water Solutions during the first quarter valued at approximately $142,000. Institutional investors own 39.71% of the company’s stock.

Analyst Ratings Changes

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

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.