Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Update

Aris Water Solutions, Inc. (NYSE:ARIS) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,710,000 shares, a growth of 92.2% from the October 31st total of 889,600 shares. Currently, 6.7% of the shares of the stock are short sold. Based on an average daily volume of 402,800 shares, the short-interest ratio is currently 4.2 days.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI lifted their price target on Aris Water Solutions from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a “buy” rating 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. JPMorgan Chase & Co. lowered Aris Water Solutions from an “overweight” rating to a “neutral” rating and upped their price target for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus increased their price target on Aris Water Solutions from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Aris Water Solutions Stock Up 0.1 %

Aris Water Solutions stock traded up $0.04 during mid-day trading on Friday, reaching $26.90. The stock had a trading volume of 126,600 shares, compared to its average volume of 363,848. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. Aris Water Solutions has a fifty-two week low of $7.22 and a fifty-two week high of $27.90. The stock’s 50-day simple moving average is $19.84 and its 200-day simple moving average is $17.16. The firm has a market capitalization of $1.57 billion, a PE ratio of 33.63 and a beta of 1.62.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend 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 presently 52.50%.

Insider Buying and Selling at Aris Water Solutions

In related news, Director Debra Coy sold 1,500 shares of the company’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 transaction of $38,085.00. Following the completion of the transaction, the director now directly owns 42,082 shares in the company, valued at $1,068,461.98. This represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 23.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of Aris Water Solutions by 1.7% in the second quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock valued at $691,000 after purchasing an additional 758 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Aris Water Solutions in the 2nd quarter valued at $27,000. Kings Path Partners LLC lifted its stake in Aris Water Solutions by 2.6% during the 3rd quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after acquiring an additional 1,735 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Aris Water Solutions by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock worth $313,000 after acquiring an additional 1,902 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Aris Water Solutions during the 3rd quarter worth $39,000. Institutional investors and hedge funds 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.