Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $20.49 and last traded at $20.33, with a volume of 152357 shares trading hands. The stock had previously closed at $16.56.
Wall Street Analyst Weigh In
Separately, US Capital Advisors upgraded Aris Water Solutions from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $15.25.
Read Our Latest Report on ARIS
Aris Water Solutions Price Performance
The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50-day moving average price of $16.46 and a 200-day moving average price of $15.84. The firm has a market capitalization of $1.22 billion, a PE ratio of 27.93 and a beta of 1.62.
Aris Water Solutions (NYSE:ARIS - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $101.12 million during the quarter, compared to analyst estimates of $97.86 million. Aris Water Solutions had a return on equity of 3.51% and a net margin of 5.97%. Sell-side analysts forecast that Aris Water Solutions, Inc. will post 0.88 EPS for the current year.
Aris Water Solutions Announces Dividend
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 paid a $0.105 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 2.00%. Aris Water Solutions's payout ratio is currently 56.00%.
Insiders Place Their Bets
In other Aris Water Solutions news, COO Brunt David Dylan Van sold 14,813 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the sale, the chief operating officer now directly owns 94,690 shares in the company, valued at $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.46% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Aris Water Solutions
A number of large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Aris Water Solutions in the second quarter valued at about $27,000. New York State Teachers Retirement System boosted its holdings in Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock valued at $41,000 after purchasing an additional 2,346 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Aris Water Solutions in the second quarter valued at about $46,000. Point72 Asset Management L.P. purchased a new position in Aris Water Solutions in the second quarter valued at about $82,000. Finally, Quadrature Capital Ltd purchased a new position in Aris Water Solutions in the first quarter valued at about $166,000. Institutional investors and hedge funds own 39.71% of the company's stock.
About Aris Water Solutions
(
Get Free Report)
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.
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