Aris Water Solutions (NYSE:ARIS) Sets New 1-Year High – Should You Buy?

Aris Water Solutions, Inc. (NYSE:ARIS) hit a new 52-week high on Wednesday . The company traded as high as $33.91 and last traded at $33.25, with a volume of 1063739 shares changing hands. The stock had previously closed at $32.53.

Wall Street Analysts Forecast Growth

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

Aris Water Solutions Stock Performance

The business has a fifty day moving average of $28.74 and a 200-day moving average of $23.97. The company has a market cap of $1.93 billion, a PE ratio of 41.37 and a beta of 1.88. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, March 13th. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a dividend yield of 1.69%. Aris Water Solutions’s payout ratio is 70.00%.

Insider Activity at Aris Water Solutions

In related news, 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 value of $289,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,827 shares in the company, valued at $1,296,396.84. This trade represents a 18.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,433,195 shares of company stock worth $38,936,166 over the last quarter. Corporate insiders own 22.46% of the company’s stock.

Hedge Funds Weigh In On Aris Water Solutions

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company’s stock valued at $6,783,000 after buying an additional 216,158 shares in the last quarter. Barclays PLC increased its holdings in shares of Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company’s stock valued at $592,000 after acquiring an additional 25,790 shares in the last quarter. State Street Corp raised its position in shares of Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock worth $11,173,000 after purchasing an additional 80,490 shares during the last quarter. HighTower Advisors LLC boosted its stake in Aris Water Solutions by 66.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company’s stock worth $361,000 after purchasing an additional 8,499 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Aris Water Solutions during the 3rd quarter valued at about $266,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.