Aris Water Solutions (NYSE:ARIS) Stock Price Up 5.4% – Here’s Why

Aris Water Solutions, Inc. (NYSE:ARIS) shares traded up 5.4% during mid-day trading on Friday . The company traded as high as $24.82 and last traded at $24.59. 232,849 shares were traded during trading, a decline of 71% from the average session volume of 796,745 shares. The stock had previously closed at $23.34.

Analyst Upgrades and Downgrades

ARIS has been the topic of several recent research reports. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus upped their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Citigroup reissued a “neutral” rating and set a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday. Evercore ISI boosted their price target on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $26.17.

Aris Water Solutions Price Performance

The company has a 50-day moving average of $24.68 and a two-hundred day moving average of $19.14. 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 stock has a market capitalization of $1.44 billion, a PE ratio of 30.89 and a beta of 1.94.

Aris Water Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.70%. Aris Water Solutions’s payout ratio is 52.50%.

Insider Buying and Selling

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the completion of the sale, the insider now directly owns 3,111,738 shares in the company, valued at $77,886,802.14. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the transaction, the director now directly owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 937,508 shares of company stock valued at $23,642,936. Insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

A number of large investors have recently modified their holdings of the stock. Barclays PLC grew its position in Aris Water Solutions by 277.0% in the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after acquiring an additional 25,790 shares in the last quarter. State Street Corp boosted its stake 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 valued at $11,173,000 after purchasing an additional 80,490 shares during the period. HighTower Advisors LLC grew its holdings in Aris Water Solutions by 66.2% during the 3rd 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 in the last quarter. Franklin Resources Inc. purchased a new stake in Aris Water Solutions during the 3rd quarter worth $266,000. Finally, American Century Companies Inc. lifted its holdings in Aris Water Solutions by 140.3% in the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after buying an additional 284,788 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.