Aris Water Solutions (NYSE:ARIS) Sees Strong Trading Volume

Aris Water Solutions, Inc. (NYSE:ARIS) shares saw strong trading volume on Tuesday . 150,735 shares were traded during trading, a decline of 47% from the previous session’s volume of 286,583 shares.The stock last traded at $15.45 and had previously closed at $15.01.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Aris Water Solutions from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company increased their price target on Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. The Goldman Sachs Group boosted their target price on Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Finally, Citigroup upped their price target on Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.42.

Aris Water Solutions Trading Down 1.2 %

The company has a market cap of $973.76 million, a price-to-earnings ratio of 28.08 and a beta of 1.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. The business’s 50 day moving average price is $13.97 and its 200-day moving average price is $10.40.

Aris Water Solutions (NYSE:ARIS) last issued its earnings results on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm 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%. On average, research analysts forecast that Aris Water Solutions, Inc. will post 0.97 EPS for the current year.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, June 6th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.09. Aris Water Solutions’s payout ratio is 60.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ranger Investment Management L.P. raised its position in shares of Aris Water Solutions by 1.5% in the 4th quarter. Ranger Investment Management L.P. now owns 2,040,756 shares of the company’s stock valued at $17,122,000 after acquiring an additional 30,269 shares during the period. Wellington Management Group LLP raised its holdings in Aris Water Solutions by 2.2% in the fourth quarter. Wellington Management Group LLP now owns 1,290,231 shares of the company’s stock worth $10,825,000 after purchasing an additional 27,988 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in shares of Aris Water Solutions by 93.2% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock valued at $16,886,000 after buying an additional 575,536 shares during the period. Wasatch Advisors LP increased its position in shares of Aris Water Solutions by 14.4% in the 4th quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock valued at $5,761,000 after buying an additional 86,207 shares in the last quarter. Finally, Scout Investments Inc. raised its stake in Aris Water Solutions by 9.2% during the 4th quarter. Scout Investments Inc. now owns 568,267 shares of the company’s stock worth $4,768,000 after buying an additional 47,692 shares during the period. Institutional investors 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.