Aris Water Solutions (NYSE:ARIS) Reaches New 1-Year High at $15.33

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price hit a new 52-week high on Monday . The company traded as high as $15.33 and last traded at $15.28, with a volume of 374083 shares changing hands. The stock had previously closed at $14.64.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TheStreet raised shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Citigroup raised their price objective on shares of Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, March 4th. The Goldman Sachs Group raised their price objective on shares of Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company raised their price objective on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.25.

Aris Water Solutions Stock Up 9.3 %

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $985.61 million, a P/E ratio of 28.42 and a beta of 1.65. The firm’s fifty day moving average is $13.73 and its 200-day moving average is $10.31.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million. Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. As a group, equities research analysts predict that Aris Water Solutions, Inc. will post 0.97 earnings per share for the current year.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.105 per share. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, June 6th. This represents a $0.42 annualized dividend and a dividend yield of 2.46%. Aris Water Solutions’s payout ratio is currently 60.00%.

Institutional Investors Weigh In On Aris Water Solutions

Several institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in shares of Aris Water Solutions by 27.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 16,253 shares of the company’s stock worth $162,000 after buying an additional 3,486 shares during the period. SG Americas Securities LLC grew its holdings in Aris Water Solutions by 31.9% during the fourth quarter. SG Americas Securities LLC now owns 16,101 shares of the company’s stock valued at $135,000 after purchasing an additional 3,897 shares during the period. Tower Research Capital LLC TRC grew its holdings in Aris Water Solutions by 221.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock valued at $55,000 after purchasing an additional 4,503 shares during the period. Brandywine Global Investment Management LLC grew its holdings in Aris Water Solutions by 2.0% during the third quarter. Brandywine Global Investment Management LLC now owns 235,200 shares of the company’s stock valued at $2,347,000 after purchasing an additional 4,600 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Aris Water Solutions by 18.7% during the third quarter. New York State Common Retirement Fund now owns 33,570 shares of the company’s stock valued at $335,000 after purchasing an additional 5,292 shares during the period. 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.