Aris Water Solutions (NYSE:ARIS) Stock Price Down 5.5% – What’s Next?

Aris Water Solutions, Inc. (NYSE:ARIS)’s stock price dropped 5.5% during trading on Thursday . The stock traded as low as $27.11 and last traded at $27.16. Approximately 118,985 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 475,794 shares. The stock had previously closed at $28.73.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ARIS shares. Stifel Nicolaus raised their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Citigroup restated a “neutral” rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. The Goldman Sachs Group upped their target price on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company increased their target price on Aris Water Solutions from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, Evercore ISI downgraded Aris Water Solutions from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Trading Up 0.7 %

The firm has a market capitalization of $1.56 billion, a P/E ratio of 33.44 and a beta of 1.88. 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 of $27.12 and a 200-day moving average of $22.49.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions’s dividend payout ratio is presently 70.00%.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Corp Gable sold 38,739 shares of Aris Water Solutions stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now owns 3,111,738 shares in the company, valued at approximately $77,886,802.14. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,159,678 shares of company stock valued at $106,807,774. 23.06% of the stock is owned by corporate insiders.

Institutional Trading of Aris Water Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Aris Water Solutions in the fourth quarter valued at approximately $27,000. Larson Financial Group LLC bought a new stake in Aris Water Solutions during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new position in Aris Water Solutions in the 4th quarter valued at approximately $33,000. Meeder Asset Management Inc. bought a new position in shares of Aris Water Solutions during the third quarter valued at $39,000. Finally, New York State Teachers Retirement System lifted its holdings in shares of Aris Water Solutions by 2,346.0% during the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after purchasing an additional 2,346 shares during the period. Institutional investors and hedge funds own 39.71% of the company’s stock.

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.