Aris Water Solutions (NYSE:ARIS) Sees Unusually-High Trading Volume – Here’s Why

Aris Water Solutions, Inc. (NYSE:ARIS) shares saw an uptick in trading volume on Tuesday . 402,584 shares were traded during trading, an increase of 10% from the previous session’s volume of 364,708 shares.The stock last traded at $25.28 and had previously closed at $24.61.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ARIS shares. Evercore ISI increased their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus lifted their price target 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. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. 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 report on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.83.

Aris Water Solutions Price Performance

The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The business’s 50-day simple moving average is $22.47 and its two-hundred day simple moving average is $18.30. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 31.43 and a beta of 1.91.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is presently 52.50%.

Insider Activity at Aris Water Solutions

In other news, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. The trade was a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder S Corp Gable sold 57,731 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $25.55, for a total value of $1,475,027.05. Following the completion of the transaction, the insider now owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,970 shares of company stock worth $2,482,749 over the last quarter. Company insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Aris Water Solutions in the second quarter valued at approximately $27,000. Meeder Asset Management Inc. purchased a new stake in Aris Water Solutions in the 3rd quarter valued at $39,000. New York State Teachers Retirement System lifted its stake in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock valued at $41,000 after acquiring an additional 2,346 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Aris Water Solutions during the 2nd quarter valued at $82,000. Finally, Algert Global LLC purchased a new position in Aris Water Solutions during the 2nd quarter worth $199,000. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.