Aris Water Solutions (NYSE:ARIS) Shares Up 5.4% – Should You Buy?

Aris Water Solutions, Inc. (NYSE:ARIS)’s stock price rose 5.4% on Friday . The stock traded as high as $24.82 and last traded at $24.59. Approximately 232,849 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 796,745 shares. The stock had previously closed at $23.34.

Analyst Ratings Changes

Several research analysts recently issued reports on ARIS shares. Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. cut shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Citigroup restated a “neutral” rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have assigned 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 $26.17.

Aris Water Solutions Stock Up 5.6 %

The stock has a fifty day moving average price of $24.85 and a two-hundred day moving average price of $19.23. The company has a market cap of $1.44 billion, a P/E ratio of 30.81 and a beta of 1.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.105 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.42 annualized dividend and a dividend yield of 1.70%. Aris Water Solutions’s payout ratio is 52.50%.

Insider Activity at Aris Water Solutions

In other news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction on 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider S Corp Gable sold 331,181 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $25.16, for a total transaction of $8,332,513.96. Following the completion of the transaction, the insider now directly owns 2,268,559 shares in the company, valued at $57,076,944.44. This trade represents a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 937,508 shares of company stock valued at $23,642,936 over the last ninety days. Corporate insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARIS. Rhumbline Advisers raised its holdings in shares of Aris Water Solutions by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after purchasing an additional 758 shares during the period. American Century Companies Inc. grew its stake in shares of Aris Water Solutions by 140.3% during the 2nd 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. Dimensional Fund Advisors LP increased its holdings in Aris Water Solutions by 32.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock worth $8,836,000 after acquiring an additional 139,259 shares during the last quarter. Renaissance Technologies LLC raised its stake in Aris Water Solutions by 93.5% in the 2nd quarter. Renaissance Technologies LLC now owns 198,000 shares of the company’s stock valued at $3,103,000 after acquiring an additional 95,700 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in Aris Water Solutions during the second quarter valued at about $312,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

About Aris Water Solutions

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.