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

Aris Water Solutions, Inc. (NYSE:ARIS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.16 and last traded at $28.07, with a volume of 173618 shares changing hands. The stock had previously closed at $27.19.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Evercore ISI cut Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price objective for the company from $25.00 to $27.00 in a report on Wednesday. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. cut Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $22.00 in a report on Wednesday, November 6th. Citigroup reaffirmed a “neutral” rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group lifted their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $26.50.

Aris Water Solutions Stock Performance

The stock has a 50-day moving average of $25.32 and a 200 day moving average of $19.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 35.83 and a beta of 1.94.

Aris Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.47%. Aris Water Solutions’s payout ratio is 52.50%.

Insider Buying and Selling

In other news, Director Debra Coy sold 1,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the transaction, the director now directly owns 42,082 shares in the company, valued at approximately $1,068,461.98. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder S Corp Gable sold 57,731 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.55, for a total value of $1,475,027.05. Following the transaction, the insider now owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. The trade was a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 937,508 shares of company stock worth $23,642,936 over the last three months. 22.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ARIS. State Street Corp grew its holdings in Aris Water Solutions by 13.8% in the 3rd quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after buying an additional 80,490 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Aris Water Solutions in the 3rd quarter valued at $10,828,000. Geode Capital Management LLC grew its holdings in Aris Water Solutions by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company’s stock valued at $10,450,000 after buying an additional 18,304 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Aris Water Solutions by 32.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company’s stock valued at $8,836,000 after buying an additional 139,259 shares in the last quarter. Finally, Wasatch Advisors LP grew its holdings in Aris Water Solutions by 4.7% in the 3rd quarter. Wasatch Advisors LP now owns 523,533 shares of the company’s stock valued at $8,832,000 after buying an additional 23,594 shares in the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

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.