Aris Water Solutions (NYSE:ARIS) Sees Large Volume Increase – Here’s What Happened

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) saw unusually-strong trading volume on Monday . Approximately 480,711 shares were traded during trading, an increase of 16% from the previous session’s volume of 414,425 shares.The stock last traded at $24.97 and had previously closed at $24.69.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ARIS shares. Wells Fargo & Company boosted their target price on shares of 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. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. Evercore ISI upped their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped 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, US Capital Advisors lowered shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $24.83.

Aris Water Solutions Trading Up 0.9 %

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’s 50-day moving average is $24.04 and its two-hundred day moving average is $18.94. The stock has a market cap of $1.45 billion, a P/E ratio of 31.15 and a beta of 1.94.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.69%. Aris Water Solutions’s dividend payout ratio is 52.50%.

Insider Activity at Aris Water Solutions

In other news, Director Debra Coy sold 1,500 shares of the stock in a transaction 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 sale, the director now owns 42,082 shares of the company’s stock, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder S Corp Gable sold 57,731 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the completion of the sale, the insider now owns 3,165,939 shares in the company, valued at $80,889,741.45. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 574,917 shares of company stock valued at $14,523,915 over the last 90 days. 23.06% of the stock is owned by corporate insiders.

Institutional Trading of Aris Water Solutions

Institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions in the 2nd quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new stake in Aris Water Solutions during the 3rd quarter valued at approximately $39,000. New York State Teachers Retirement System lifted 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 valued at $41,000 after acquiring an additional 2,346 shares during the period. Point72 Asset Management L.P. acquired a new stake in Aris Water Solutions during the 2nd quarter valued at approximately $82,000. Finally, International Assets Investment Management LLC acquired a new stake in Aris Water Solutions during the 3rd quarter valued at approximately $2,080,000. 39.71% of the stock is currently 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.