Aris Water Solutions (NYSE:ARIS) Trading Up 4.4% – Time to Buy?

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) shot up 4.4% during mid-day trading on Monday . The stock traded as high as $27.58 and last traded at $27.90. 595,217 shares changed hands during trading, an increase of 23% from the average session volume of 482,770 shares. The stock had previously closed at $26.73.

Analyst Ratings Changes

Several equities analysts recently commented on ARIS shares. Evercore ISI lowered Aris Water Solutions from an “outperform” rating to an “in-line” rating and upped their target price for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group upped 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 note on Thursday, December 19th. US Capital Advisors cut shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, Stifel Nicolaus increased their price target 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Stock Down 2.4 %

The stock has a fifty day moving average price of $27.38 and a 200-day moving average price of $22.83. The firm has a market cap of $1.74 billion, a PE ratio of 37.29 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.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.14 per share. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, March 13th. Aris Water Solutions’s payout ratio is currently 70.00%.

Insider Transactions at Aris Water Solutions

In other Aris Water Solutions news, major shareholder S Corp Gable sold 38,739 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was 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 $77,886,802.14. This represents a 1.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions 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 disclosure for this sale can be found here. Insiders sold 4,159,678 shares of company stock valued at $106,807,774 over the last 90 days. Corporate insiders own 23.06% of the company’s stock.

Institutional Investors Weigh In On Aris Water Solutions

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Aris Water Solutions by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company’s stock worth $365,000 after buying an additional 557 shares in the last quarter. Quarry LP purchased a new stake in shares of Aris Water Solutions during the fourth quarter worth about $27,000. Larson Financial Group LLC acquired a new position in shares of Aris Water Solutions in the fourth quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in Aris Water Solutions in the fourth quarter valued at about $33,000. Finally, Centiva Capital LP grew its stake in Aris Water Solutions by 11.1% during the 4th quarter. Centiva Capital LP now owns 13,647 shares of the company’s stock valued at $327,000 after purchasing an additional 1,368 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

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.