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

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) reached a new 52-week high on Wednesday . The company traded as high as $27.94 and last traded at $27.80, with a volume of 17026 shares changing hands. The stock had previously closed at $27.52.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ARIS. The Goldman Sachs Group lifted their price target on Aris Water Solutions from $18.50 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Aris Water Solutions from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $19.00 to $22.00 in a research report on Wednesday, November 6th. 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 report on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a “strong-buy” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their target price on Aris Water Solutions from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.50.

Aris Water Solutions Stock Performance

The stock has a market capitalization of $1.57 billion, a P/E ratio of 34.40 and a beta of 1.91. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average price of $20.19 and a 200-day moving average price of $17.32.

Aris Water Solutions Dividend Announcement

The firm also recently announced 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. This represents a $0.42 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, December 5th. Aris Water Solutions’s dividend payout ratio is currently 52.50%.

Insider Buying and Selling

In other news, Director Debra Coy sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 42,082 shares of the company’s stock, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.46% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its stake in Aris Water Solutions by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company’s stock worth $691,000 after buying an additional 758 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Aris Water Solutions during the 2nd quarter worth about $27,000. Kings Path Partners LLC lifted its holdings in shares of Aris Water Solutions by 2.6% in the 3rd quarter. Kings Path Partners LLC now owns 67,234 shares of the company’s stock valued at $1,134,000 after buying an additional 1,735 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Aris Water Solutions by 9.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company’s stock valued at $313,000 after buying an additional 1,902 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of Aris Water Solutions in the 3rd quarter valued at about $39,000. 39.71% of the stock is owned by institutional investors.

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.