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

Aris Water Solutions, Inc. (NYSE:ARIS) saw unusually-high trading volume on Monday . Approximately 480,711 shares traded hands during 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.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI upped their price objective on Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $22.00 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 research note on Tuesday, November 26th. Finally, Citigroup restated a “neutral” rating and set a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.17.

Aris Water Solutions Price Performance

The firm has a 50-day moving average of $24.40 and a 200-day moving average of $19.08. The stock has a market cap of $1.37 billion, a PE ratio of 29.34 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

Insider Activity

In other news, Director Debra Coy sold 1,500 shares of the company’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 sale, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This represents a 3.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder S Corp Gable sold 316,408 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $25.28, for a total transaction of $7,998,794.24. Following the completion of the transaction, the insider now directly owns 2,634,791 shares of the company’s stock, valued at approximately $66,607,516.48. This trade represents a 10.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 574,917 shares of company stock worth $14,523,915 over the last quarter. Insiders own 23.06% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors have recently bought and sold shares of ARIS. Barclays PLC raised its position in shares of Aris Water Solutions by 277.0% during the 3rd quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after buying an additional 25,790 shares in the last quarter. State Street Corp increased its stake in Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after acquiring an additional 80,490 shares during the last quarter. HighTower Advisors LLC raised its position in Aris Water Solutions by 66.2% during the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock valued at $361,000 after purchasing an additional 8,499 shares during the period. Franklin Resources Inc. bought a new stake in shares of Aris Water Solutions in the 3rd quarter valued at approximately $266,000. Finally, American Century Companies Inc. increased its position 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 valued at $7,644,000 after purchasing an additional 284,788 shares during the last quarter. 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.