Aris Water Solutions (NYSE:ARIS) Sees Unusually-High Trading Volume – Time to Buy?

Aris Water Solutions, Inc. (NYSE:ARIS) saw unusually-high trading volume on Monday . Approximately 726,091 shares changed hands during trading, an increase of 48% from the previous session’s volume of 490,398 shares.The stock last traded at $29.35 and had previously closed at $29.12.

Analyst Ratings Changes

ARIS has been the subject of a number of research reports. US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus boosted their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group boosted their price objective 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. Citigroup reissued a “neutral” rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Finally, Evercore ISI downgraded shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Price Performance

The company has a market cap of $1.72 billion, a P/E ratio of 36.80 and a beta of 1.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The firm’s fifty day moving average is $27.87 and its two-hundred day moving average is $23.27.

Aris Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 annualized dividend and a yield of 1.90%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. Aris Water Solutions’s dividend payout ratio is currently 70.00%.

Insider Buying and Selling

In other Aris Water Solutions news, insider S Corp Gable sold 31,410 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $25.04, for a total transaction of $786,506.40. Following the completion of the transaction, the insider now owns 2,599,740 shares of the company’s stock, valued at $65,097,489.60. This represents a 1.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey K. Hunt sold 10,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $28.92, for a total transaction of $289,200.00. Following the transaction, the chief accounting officer now directly owns 44,827 shares of the company’s stock, valued at $1,296,396.84. This trade represents a 18.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 910,142 shares of company stock valued at $23,277,332. Company insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Aris Water Solutions during the 4th quarter valued at about $27,000. Larson Financial Group LLC purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $33,000. Meeder Asset Management Inc. purchased a new stake in shares of Aris Water Solutions during the 3rd quarter valued at about $39,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $52,000. Institutional investors 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.