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

Aris Water Solutions, Inc. (NYSE:ARIS)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $27.90 and last traded at $27.54, with a volume of 19387 shares changing hands. The stock had previously closed at $27.23.

Analyst Ratings Changes

A number of brokerages have issued reports on ARIS. Evercore ISI raised their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Stifel Nicolaus boosted their price target on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. US Capital Advisors lowered Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday. The Goldman Sachs Group upped their target price on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Aris Water Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Aris Water Solutions Stock 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 company has a market capitalization of $1.56 billion, a PE ratio of 33.58 and a beta of 1.62. The company has a 50 day moving average of $19.44 and a two-hundred day moving average of $17.02.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.56%. Aris Water Solutions’s dividend payout ratio (DPR) is currently 52.50%.

Insiders Place Their Bets

In other news, Director Debra Coy sold 1,500 shares of Aris Water Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the transaction, the director now owns 42,082 shares of the company’s stock, valued at $1,068,461.98. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.06% of the company’s stock.

Institutional Trading of Aris Water Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. bought a new stake in shares of Aris Water Solutions during the third quarter valued at approximately $266,000. Tidal Investments LLC bought a new position in shares of Aris Water Solutions during the third quarter valued at $252,000. Barclays PLC boosted its position 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 buying an additional 25,790 shares during the last quarter. Geode Capital Management LLC increased 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 worth $10,450,000 after buying an additional 18,304 shares in the last quarter. Finally, State Street Corp raised its position in 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 buying an additional 80,490 shares during the last quarter. 39.71% of the stock is currently owned by 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.