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

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,650,000 shares, a decline of 17.1% from the February 13th total of 1,990,000 shares. Currently, 6.1% of the shares of the company are sold short. Based on an average trading volume of 799,400 shares, the days-to-cover ratio is presently 2.1 days.

Aris Water Solutions Stock Down 0.3 %

Shares of NYSE ARIS traded down $0.10 during trading on Friday, reaching $31.93. The company had a trading volume of 1,194,917 shares, compared to its average volume of 506,464. The business's 50-day moving average is $28.35 and its 200 day moving average is $23.49. 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 stock has a market cap of $1.87 billion, a PE ratio of 39.91 and a beta of 1.88. Aris Water Solutions has a 12-month low of $12.44 and a 12-month high of $32.72.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 annualized dividend and a dividend yield of 1.75%. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's dividend payout ratio (DPR) is 70.00%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ARIS shares. The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Citigroup reaffirmed a "neutral" rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. US Capital Advisors cut Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Wells Fargo & Company upped their price target on 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. Finally, Evercore ISI cut shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their price target for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Aris Water Solutions has an average rating of "Hold" and a consensus target price of $27.00.

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Insider Buying and Selling at Aris Water Solutions

In other Aris Water Solutions news, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $27.70, for a total value of $27,700,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Corp Gable sold 160,539 shares of Aris Water Solutions stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $25.18, for a total value of $4,042,372.02. Following the completion of the transaction, the insider now owns 2,951,199 shares in the company, valued at approximately $74,311,190.82. This represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,910,142 shares of company stock valued at $50,977,332 in the last 90 days. 23.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aris Water Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Aris Water Solutions by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,246 shares of the company's stock worth $365,000 after purchasing an additional 557 shares during the last quarter. Quarry LP purchased a new position in Aris Water Solutions in the 4th quarter worth about $27,000. Larson Financial Group LLC bought a new position in Aris Water Solutions during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Aris Water Solutions during the 4th quarter valued at about $33,000. Finally, Centiva Capital LP grew its stake in shares of Aris Water Solutions by 11.1% in the fourth quarter. Centiva Capital LP now owns 13,647 shares of the company's stock worth $327,000 after acquiring an additional 1,368 shares during the period. 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.