Aris Water Solutions (NYSE:ARIS) Sets New 1-Year High – Should You Buy?

Aris Water Solutions, Inc. (NYSE:ARIS)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $27.90 and last traded at $27.54, with a volume of 19387 shares changing hands. The stock had previously closed at $27.23.

Analysts Set New Price Targets

A number of research firms recently commented on ARIS. JPMorgan Chase & Co. cut shares of 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. The Goldman Sachs Group raised their price objective on Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Stifel Nicolaus upped their target price on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday. Finally, Evercore ISI upped their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.50.

Aris Water Solutions Stock Performance

The stock has a market capitalization of $1.57 billion, a PE ratio of 34.04 and a beta of 1.62. 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 firm has a 50 day moving average price of $19.03 and a 200-day moving average price of $16.88.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions’s payout ratio is 52.50%.

Insider Transactions at Aris Water Solutions

In other news, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was 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. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 22.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new position in Aris Water Solutions during the third quarter valued at approximately $252,000. Barclays PLC raised its position in Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after acquiring an additional 25,790 shares in the last quarter. Geode Capital Management LLC raised its position in Aris Water Solutions by 3.0% during the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock valued at $10,450,000 after acquiring an additional 18,304 shares in the last quarter. State Street Corp raised its position in Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after acquiring an additional 80,490 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Aris Water Solutions by 61.9% during the third quarter. Stifel Financial Corp now owns 21,887 shares of the company’s stock valued at $369,000 after acquiring an additional 8,372 shares in the last quarter. 39.71% of the stock is currently 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.