Aris Water Solutions (NYSE:ARIS) Trading 4.4% Higher – Should You Buy?

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price traded up 4.4% during mid-day trading on Monday . The stock traded as high as $27.58 and last traded at $27.90. 595,217 shares were traded during trading, an increase of 23% from the average session volume of 482,770 shares. The stock had previously closed at $26.73.

Analysts Set New Price Targets

Several equities analysts have weighed in on ARIS shares. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and raised their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. 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 research report on Thursday, December 19th. Wells Fargo & Company upped their price objective on shares of 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. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Finally, 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 research note on Wednesday, January 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Trading Up 5.1 %

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 fifty day simple moving average of $27.24 and a two-hundred day simple moving average of $22.73. The firm has a market capitalization of $1.63 billion, a P/E ratio of 35.10 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, March 13th. Aris Water Solutions’s payout ratio is 70.00%.

Insider Activity at Aris Water Solutions

In related news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder S Corp Gable sold 57,731 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $25.55, for a total value of $1,475,027.05. Following the transaction, the insider now owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. The trade was a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,159,678 shares of company stock valued at $106,807,774 over the last three months. 23.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aris Water Solutions

Institutional investors have recently modified their holdings of the business. Quarry LP bought a new stake in shares of Aris Water Solutions in the fourth quarter worth $27,000. Larson Financial Group LLC purchased a new position in shares of Aris Water Solutions in the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Aris Water Solutions in the fourth quarter worth approximately $33,000. Meeder Asset Management Inc. bought a new stake in Aris Water Solutions during the third quarter valued at approximately $39,000. Finally, New York State Teachers Retirement System increased its holdings in Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after buying an additional 2,346 shares during the last quarter. 39.71% of the stock is owned by hedge funds and other 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.