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

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $30.80 and last traded at $29.46, with a volume of 7283 shares traded. The stock had previously closed at $29.80.

Analyst Upgrades and Downgrades

ARIS has been the topic of several recent research reports. The Goldman Sachs Group boosted their price objective 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. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $19.00 to $22.00 in a research report on Wednesday, November 6th. US Capital Advisors downgraded shares of Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus boosted their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, 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 note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $26.50.

Aris Water Solutions Stock Performance

The stock’s 50 day moving average price is $25.82 and its 200 day moving average price is $19.97. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 36.02 and a beta of 1.94.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Insider Activity

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 sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 937,508 shares of company stock valued at $23,642,936 in the last 90 days. 23.06% of the stock is currently owned by insiders.

Institutional Trading of Aris Water Solutions

A number of institutional investors have recently modified their holdings of ARIS. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aris Water Solutions during the 2nd quarter worth about $27,000. Meeder Asset Management Inc. purchased a new position in Aris Water Solutions in the 3rd quarter worth approximately $39,000. New York State Teachers Retirement System boosted its holdings in Aris Water Solutions by 2,346.0% in the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company’s stock worth $41,000 after acquiring an additional 2,346 shares during the period. Point72 Asset Management L.P. purchased a new position in Aris Water Solutions in the 2nd quarter worth approximately $82,000. Finally, Algert Global LLC purchased a new position in Aris Water Solutions in the 2nd quarter worth approximately $199,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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.