Aris Water Solutions (NYSE:ARIS) Sees Strong Trading Volume – Still a Buy?

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) saw an uptick in trading volume on Monday . 480,711 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 414,425 shares.The stock last traded at $24.97 and had previously closed at $24.69.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ARIS. Stifel Nicolaus raised their price objective 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. The Goldman Sachs Group lifted their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. 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. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Finally, Citigroup reissued a “neutral” rating and issued a $26.00 price target (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.17.

Aris Water Solutions Stock Down 0.8 %

The company’s fifty day simple moving average is $24.40 and its 200 day simple moving average is $19.08. The firm has a market capitalization of $1.37 billion, a P/E ratio of 29.34 and a beta of 1.94. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.79%. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Insider Buying and Selling at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 316,408 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $25.28, for a total value of $7,998,794.24. Following the completion of the transaction, the insider now directly owns 2,634,791 shares in the company, valued at $66,607,516.48. This trade represents a 10.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the sale, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 574,917 shares of company stock valued at $14,523,915. 23.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Aris Water Solutions

Institutional investors have recently bought and sold shares of the company. Eagle Asset Management Inc. bought a new stake in Aris Water Solutions in the 3rd quarter worth about $10,828,000. American Century Companies Inc. grew its stake in shares of Aris Water Solutions by 140.3% in the second quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after acquiring an additional 284,788 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Aris Water Solutions by 116.3% during the third quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after purchasing an additional 216,158 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Aris Water Solutions by 32.8% during the second quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after purchasing an additional 139,259 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Aris Water Solutions by 988.8% during the third quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after purchasing an additional 125,281 shares during the period. 39.71% of the stock is owned by hedge funds and other institutional investors.

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.