Short Interest in Aris Water Solutions, Inc. (NYSE:ARIS) Decreases By 5.3%

Aris Water Solutions, Inc. (NYSE:ARIS) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 1,260,000 shares, a drop of 5.3% from the May 31st total of 1,330,000 shares. Approximately 5.0% of the company’s stock are sold short. Based on an average trading volume of 369,400 shares, the short-interest ratio is currently 3.4 days.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted 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 research note on Thursday, March 7th. The Goldman Sachs Group lifted their price objective on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. TheStreet raised shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Stifel Nicolaus lifted their price objective on shares of Aris Water Solutions from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Evercore ISI lifted their price objective on shares of Aris Water Solutions from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Aris Water Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $14.93.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $15.84 on Thursday. The company has a market capitalization of $920.15 million, a price-to-earnings ratio of 22.00 and a beta of 1.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50-day simple moving average of $15.20 and a 200 day simple moving average of $12.33. Aris Water Solutions has a 52 week low of $7.22 and a 52 week high of $17.27.

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

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were issued a dividend of $0.105 per share. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.42 annualized dividend and a dividend yield of 2.65%. Aris Water Solutions’s payout ratio is presently 58.33%.

Insider Buying and Selling

In related news, 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 directly owns 487,909 shares in the company, valued at $8,016,344.87. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Aris Water Solutions news, CEO Amanda M. Brock sold 107,946 shares of Aris Water Solutions stock in a transaction on Friday, May 10th. The shares were sold at an average price of $16.65, for a total value of $1,797,300.90. Following the sale, the chief executive officer now directly owns 549,963 shares in the company, valued at approximately $9,156,883.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanda M. Brock sold 62,054 shares of Aris Water Solutions 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 completion of the sale, the chief executive officer now owns 487,909 shares in the company, valued at $8,016,344.87. The disclosure for this sale can be found here. 22.46% of the stock is currently owned by company insiders.

Institutional Trading of Aris Water Solutions

Several hedge funds and other institutional investors have recently modified their holdings of ARIS. Ranger Investment Management L.P. raised its stake in Aris Water Solutions by 41.7% in the 3rd quarter. Ranger Investment Management L.P. now owns 2,010,487 shares of the company’s stock worth $20,065,000 after purchasing an additional 592,071 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in 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 worth $16,886,000 after purchasing an additional 575,536 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Aris Water Solutions in the 3rd quarter worth about $2,199,000. HITE Hedge Asset Management LLC acquired a new stake in Aris Water Solutions in the 4th quarter worth about $937,000. Finally, Envestnet Asset Management Inc. raised its stake in Aris Water Solutions by 48.4% in the 3rd 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. 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.