Aris Water Solutions (NYSE:ARIS) Shares Up 4.3%

Aris Water Solutions, Inc. (NYSE:ARIS) shot up 4.3% during mid-day trading on Friday . The stock traded as high as $15.70 and last traded at $15.69. 326,724 shares traded hands during trading, an increase of 2% from the average session volume of 319,095 shares. The stock had previously closed at $15.04.

Analyst Ratings Changes

Several brokerages recently commented on ARIS. Wells Fargo & Company upped their price target on shares of Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Citigroup upped their price target on shares of Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Evercore ISI upped their price target on shares of Aris Water Solutions from $16.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. The Goldman Sachs Group upped their price target on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.93.

Aris Water Solutions Price Performance

The stock’s 50-day moving average is $15.09 and its 200 day moving average is $12.08. The company has a market cap of $910.29 million, a PE ratio of 21.76 and a beta of 1.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 1.09.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $103.41 million during the quarter, compared to analysts’ expectations of $97.43 million. Aris Water Solutions had a net margin of 5.73% and a return on equity of 4.62%. On average, equities analysts anticipate that Aris Water Solutions, Inc. will post 0.91 earnings per share for the current fiscal year.

Aris Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were issued a $0.105 dividend. The ex-dividend date was Thursday, June 6th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.68%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.09. Aris Water Solutions’s dividend payout ratio (DPR) is currently 58.33%.

Insiders Place Their Bets

In other news, CEO Amanda M. Brock sold 62,054 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.43, for a total value of $1,019,547.22. Following the sale, the chief executive officer now owns 487,909 shares in the company, valued at $8,016,344.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Amanda M. Brock sold 107,946 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $16.65, for a total transaction of $1,797,300.90. Following 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 document filed with the SEC, which can be accessed through this link. Also, CEO Amanda M. Brock sold 62,054 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 487,909 shares in the company, valued at approximately $8,016,344.87. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its stake in shares of Aris Water Solutions by 14.4% during the fourth quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock worth $5,761,000 after purchasing an additional 86,207 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in shares of Aris Water Solutions during the fourth quarter worth about $86,000. Envestnet Asset Management Inc. increased its stake in shares of Aris Water Solutions by 48.4% during the third quarter. Envestnet Asset Management Inc. now owns 309,002 shares of the company’s stock worth $3,084,000 after purchasing an additional 100,734 shares in the last quarter. Legato Capital Management LLC increased its stake in shares of Aris Water Solutions by 58.2% during the fourth quarter. Legato Capital Management LLC now owns 43,056 shares of the company’s stock worth $361,000 after purchasing an additional 15,840 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of Aris Water Solutions by 238.4% during the fourth quarter. Strs Ohio now owns 55,500 shares of the company’s stock worth $465,000 after purchasing an additional 39,100 shares in the last quarter. Institutional investors and hedge funds 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.