Aris Water Solutions (NYSE:ARIS) Sees Strong Trading Volume – Should You Buy?

Aris Water Solutions, Inc. (NYSE:ARIS) shares saw an uptick in trading volume on Tuesday . 402,584 shares changed hands during trading, an increase of 10% from the previous session’s volume of 364,708 shares.The stock last traded at $25.28 and had previously closed at $24.61.

Analyst Upgrades and Downgrades

ARIS has been the topic of several research reports. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their target price for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Stifel Nicolaus raised their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their price target on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Evercore ISI upped their price objective on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.83.

Aris Water Solutions Price Performance

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 fifty day simple moving average of $22.84 and a 200-day simple moving average of $18.43. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 31.55 and a beta of 1.91.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Insider Activity at Aris Water Solutions

In other Aris Water Solutions news, major shareholder S Corp Gable sold 57,731 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the transaction, the insider now owns 3,165,939 shares in the company, valued at approximately $80,889,741.45. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 97,970 shares of company stock worth $2,482,749. 23.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aris Water Solutions during the second quarter worth about $27,000. Meeder Asset Management Inc. acquired a new stake in Aris Water Solutions in the 3rd quarter worth about $39,000. New York State Teachers Retirement System increased its stake in Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after buying an additional 2,346 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Aris Water Solutions during the second quarter valued at approximately $82,000. Finally, Algert Global LLC purchased a new position in shares of Aris Water Solutions in the second quarter valued at approximately $199,000. 39.71% of the stock is owned by hedge funds and other institutional investors.

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.