Short Interest in Aris Water Solutions, Inc. (NYSE:ARIS) Increases By 46.9%

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 2,630,000 shares, an increase of 46.9% from the March 15th total of 1,790,000 shares. Currently, 9.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 974,800 shares, the days-to-cover ratio is currently 2.7 days.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ARIS shares. Citigroup restated a "neutral" rating and set a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. StockNews.com raised shares of Aris Water Solutions from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Evercore ISI lowered Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their target price for the company from $25.00 to $27.00 in a research report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions has a consensus rating of "Hold" and an average target price of $27.00.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock traded down $0.04 during trading hours on Wednesday, reaching $24.55. The stock had a trading volume of 269,536 shares, compared to its average volume of 567,875. Aris Water Solutions has a twelve month low of $13.34 and a twelve month high of $33.95. 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 firm has a market capitalization of $1.44 billion, a PE ratio of 30.69 and a beta of 1.81. The stock's 50 day moving average is $28.36 and its 200 day moving average is $25.37.

Aris Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 2.28%. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio is currently 70.00%.

Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, insider Nicholas A. Patterson sold 8,299 shares of Aris Water Solutions stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $30.60, for a total value of $253,949.40. Following the sale, the insider now owns 58,228 shares of the company's stock, valued at $1,781,776.80. The trade was a 12.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total transaction of $27,700,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,070,604 shares of company stock valued at $29,817,145 in the last three months. 23.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Aris Water Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Aris Water Solutions during the fourth quarter worth $29,663,000. Whittier Trust Co. raised its position in shares of Aris Water Solutions by 70,079.1% during the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock worth $8,370,000 after purchasing an additional 348,994 shares during the last quarter. NBW Capital LLC raised its position in shares of Aris Water Solutions by 1,191.8% during the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company's stock worth $6,307,000 after purchasing an additional 242,939 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Aris Water Solutions in the 4th quarter valued at about $5,717,000. Finally, Horizon Kinetics Asset Management LLC purchased a new stake in Aris Water Solutions during the 4th quarter worth approximately $5,492,000. 39.71% of the stock is currently owned by hedge funds and other 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.