Aris Water Solutions, Inc. (NYSE:ARIS) Sees Large Growth in Short Interest

Aris Water Solutions, Inc. (NYSE:ARIS) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,710,000 shares, a growth of 92.2% from the October 31st total of 889,600 shares. Based on an average daily trading volume, of 402,800 shares, the days-to-cover ratio is presently 4.2 days. Approximately 6.7% of the shares of the company are short sold.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock traded up $0.04 during mid-day trading on Friday, reaching $26.90. 126,600 shares of the stock traded hands, compared to its average volume of 363,848. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $19.84 and a 200 day moving average of $17.16. The stock has a market capitalization of $1.57 billion, a PE ratio of 33.63 and a beta of 1.62. Aris Water Solutions has a fifty-two week low of $7.22 and a fifty-two week high of $27.90.

Aris Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.56%. Aris Water Solutions’s payout ratio is currently 52.50%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ARIS. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday. The Goldman Sachs Group upped their price target on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus increased their price target on Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI upped their target price on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Aris Water Solutions has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Insider Transactions at Aris Water Solutions

In related news, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the transaction, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Aris Water Solutions in the second quarter valued at approximately $554,000. American Century Companies Inc. grew 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 valued at $7,644,000 after buying an additional 284,788 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Aris Water Solutions in the 3rd quarter worth $2,080,000. Exchange Traded Concepts LLC raised its holdings in shares of Aris Water Solutions by 988.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock worth $2,327,000 after acquiring an additional 125,281 shares during the period. Finally, AQR Capital Management LLC acquired a new position in shares of Aris Water Solutions during the 2nd quarter valued at about $765,000. 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.