Aris Water Solutions (NYSE:ARIS) Sees Unusually-High Trading Volume – Time to Buy?

Aris Water Solutions, Inc. (NYSE:ARIS) saw unusually-strong trading volume on Monday . Approximately 726,091 shares were traded during trading, an increase of 48% from the previous session’s volume of 490,398 shares.The stock last traded at $29.35 and had previously closed at $29.12.

Analysts Set New Price Targets

Several analysts have recently issued reports on ARIS shares. Wells Fargo & Company upped their target price on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Stifel Nicolaus increased their price objective on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group increased 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. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.

Aris Water Solutions Trading Up 1.5 %

The firm has a market capitalization of $1.72 billion, a PE ratio of 36.80 and a beta of 1.88. The stock’s 50-day moving average price is $27.87 and its 200 day moving average price is $23.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.90%. Aris Water Solutions’s dividend payout ratio (DPR) is 70.00%.

Insider Transactions at Aris Water Solutions

In other news, CFO Stephan E. Tompsett sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer now directly owns 140,509 shares in the company, valued at approximately $4,215,270. This trade represents a 12.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider S Corp Gable sold 31,410 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $25.04, for a total transaction of $786,506.40. Following the transaction, the insider now owns 2,599,740 shares in the company, valued at approximately $65,097,489.60. This represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 910,142 shares of company stock valued at $23,277,332. 23.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aris Water Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. boosted its stake in shares of Aris Water Solutions by 3.1% during the fourth quarter. Ameriprise Financial Inc. now owns 2,723,172 shares of the company’s stock valued at $65,218,000 after purchasing an additional 81,413 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Aris Water Solutions during the fourth quarter valued at approximately $29,663,000. Wellington Management Group LLP boosted its stake in shares of Aris Water Solutions by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 965,008 shares of the company’s stock valued at $23,112,000 after purchasing an additional 9,395 shares in the last quarter. State Street Corp boosted its stake in shares of Aris Water Solutions by 13.8% during the third quarter. State Street Corp now owns 662,324 shares of the company’s stock valued at $11,173,000 after purchasing an additional 80,490 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of Aris Water Solutions during the third quarter valued at approximately $10,828,000. 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.