Aris Water Solutions (NYSE:ARIS) Hits New 52-Week High - Should You Buy?

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $32.72 and last traded at $32.06, with a volume of 376571 shares. The stock had previously closed at $31.85.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARIS. Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. US Capital Advisors downgraded shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. 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. Citigroup reiterated a "neutral" rating and issued a $26.00 target price (up previously from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Finally, Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $27.00.

Aris Water Solutions Stock Performance

The stock's fifty day simple moving average is $28.35 and its 200-day simple moving average is $23.60. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 40.53 and a beta of 1.88. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62.

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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 paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.56 dividend on an annualized basis and a yield of 1.73%. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. Aris Water Solutions's payout ratio is currently 70.00%.

Insiders Place Their Bets

In related news, insider S Corp Gable sold 31,410 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $25.04, for a total transaction of $786,506.40. Following the completion of the sale, the insider now owns 2,599,740 shares in the company, valued at $65,097,489.60. The trade was a 1.19 % decrease in their ownership of the stock. The transaction 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 stock in a transaction that occurred 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 1,910,142 shares of company stock worth $50,977,332 in the last 90 days. Corporate insiders own 23.06% of the company's stock.

Institutional Trading of Aris Water Solutions

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Aris Water Solutions by 116.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,093 shares of the company's stock worth $6,783,000 after acquiring an additional 216,158 shares in the last quarter. Barclays PLC grew its holdings in shares of Aris Water Solutions by 277.0% during the third quarter. Barclays PLC now owns 35,102 shares of the company's stock worth $592,000 after purchasing an additional 25,790 shares during the last quarter. State Street Corp increased its position 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 worth $11,173,000 after purchasing an additional 80,490 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Aris Water Solutions by 66.2% in the 3rd quarter. HighTower Advisors LLC now owns 21,341 shares of the company's stock valued at $361,000 after purchasing an additional 8,499 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Aris Water Solutions in the 3rd quarter valued at about $266,000. 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.