Aris Water Solutions (NYSE:ARIS) Hits New 52-Week High – Should You Buy?

Aris Water Solutions, Inc. (NYSE:ARIS)’s stock price hit a new 52-week high during mid-day trading 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.

Analyst Ratings Changes

Several research firms recently commented on ARIS. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Stifel Nicolaus lifted their price target on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Citigroup restated a “neutral” rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Stock Down 0.3 %

The company’s 50-day simple moving average is $28.35 and its two-hundred day simple moving average is $23.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $1.87 billion, a P/E ratio of 39.91 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend 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 1.75%. Aris Water Solutions’s payout ratio is 70.00%.

Insider Buying and Selling at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 160,539 shares of Aris Water Solutions stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $25.18, for a total transaction of $4,042,372.02. Following the transaction, the insider now owns 2,951,199 shares in the company, valued at approximately $74,311,190.82. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $27.70, for a total value of $27,700,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,910,142 shares of company stock valued at $50,977,332. Company insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Aris Water Solutions by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company’s stock worth $365,000 after acquiring an additional 557 shares in the last quarter. Quarry LP bought a new stake in Aris Water Solutions in the fourth quarter worth $27,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions in the fourth quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in Aris Water Solutions during the fourth quarter valued at $33,000. Finally, Centiva Capital LP lifted its position in Aris Water Solutions by 11.1% during the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company’s stock valued at $327,000 after purchasing an additional 1,368 shares during the last quarter. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.