Aris Water Solutions (NYSE:ARIS) Reaches New 12-Month High - Time to Buy?

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $33.91 and last traded at $33.25, with a volume of 1063739 shares trading hands. The stock had previously closed at $32.53.

Analysts Set New Price Targets

ARIS has been the subject of a number of recent research reports. Evercore ISI lowered shares of Aris Water Solutions from an "outperform" rating to an "in-line" rating and lifted their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their price target on Aris Water Solutions from $21.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Wells Fargo & Company lifted their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, Citigroup reiterated a "neutral" rating and set a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Four 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.com, Aris Water Solutions has an average rating of "Hold" and a consensus target price of $27.00.

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Aris Water Solutions Stock Performance

The company has a 50-day moving average of $28.78 and a 200 day moving average of $24.14. The firm has a market capitalization of $1.85 billion, a PE ratio of 39.60 and a beta of 1.88. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62.

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.14 per share. This is an increase 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 1.77%. The ex-dividend date of this dividend was Thursday, March 13th. Aris Water Solutions's payout ratio is currently 70.00%.

Insider Buying and Selling at Aris Water Solutions

In related news, insider S Corp Gable sold 331,181 shares of Aris Water Solutions stock in a transaction on Monday, January 6th. The shares were sold at an average price of $25.16, for a total value of $8,332,513.96. Following the transaction, the insider now owns 2,268,559 shares in the company, valued at $57,076,944.44. This trade represents a 12.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 stock was 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 have sold 1,433,195 shares of company stock worth $38,936,166 over the last 90 days. Corporate insiders own 22.46% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its position in Aris Water Solutions by 53.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 21,026 shares of the company's stock worth $355,000 after acquiring an additional 7,281 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of Aris Water Solutions by 81.0% during the third quarter. Martingale Asset Management L P now owns 60,582 shares of the company's stock valued at $1,022,000 after purchasing an additional 27,109 shares during the period. Wasatch Advisors LP grew its holdings in shares of Aris Water Solutions by 4.7% in the third quarter. Wasatch Advisors LP now owns 523,533 shares of the company's stock worth $8,832,000 after purchasing an additional 23,594 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Aris Water Solutions by 66.2% in the third quarter. HighTower Advisors LLC now owns 21,341 shares of the company's stock worth $361,000 after buying an additional 8,499 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in Aris Water Solutions by 7.0% during the 3rd quarter. Janus Henderson Group PLC now owns 40,596 shares of the company's stock valued at $685,000 after buying an additional 2,663 shares during the last quarter. Hedge funds and other institutional investors 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.