Aris Water Solutions (NYSE:ARIS) Stock Price Up 2.7% – What’s Next?

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price was up 2.7% during trading on Monday . The stock traded as high as $32.31 and last traded at $32.64. Approximately 55,825 shares traded hands during trading, a decline of 89% from the average daily volume of 528,665 shares. The stock had previously closed at $31.78.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group upped 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. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, January 15th. Wells Fargo & Company lifted their target price on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, Citigroup reissued a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Four 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, the stock currently has a consensus rating of “Hold” and an average price target of $27.00.

Aris Water Solutions Stock Performance

The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 40.74 and a beta of 1.88. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $28.90 and a 200 day simple moving average of $24.43.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.72%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, March 13th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 70.00%.

Insiders Place Their Bets

In related news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $30.60, for a total transaction of $253,949.40. Following the sale, the insider now directly owns 58,228 shares in the company, valued at $1,781,776.80. The trade was a 12.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider S Corp Gable sold 31,410 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $25.04, for a total transaction of $786,506.40. Following the completion of the transaction, the insider now owns 2,599,740 shares of the company’s stock, valued at $65,097,489.60. This represents a 1.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,433,195 shares of company stock worth $38,936,166. Insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Several large investors have recently modified their holdings of ARIS. HighTower Advisors LLC lifted its holdings in shares of Aris Water Solutions by 66.2% during the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after purchasing an additional 8,499 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Aris Water Solutions by 7.0% during the third quarter. Janus Henderson Group PLC now owns 40,596 shares of the company’s stock valued at $685,000 after buying an additional 2,663 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Aris Water Solutions by 61.9% in the third quarter. Stifel Financial Corp now owns 21,887 shares of the company’s stock worth $369,000 after buying an additional 8,372 shares during the period. State Street Corp boosted its holdings in shares of Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after buying an additional 80,490 shares during the period. Finally, Barclays PLC increased its position in shares of Aris Water Solutions by 277.0% in the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock worth $592,000 after acquiring an additional 25,790 shares in the last quarter. 39.71% of the stock is owned by institutional investors.

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.