Aris Water Solutions (NYSE:ARIS) Sees Strong Trading Volume - What's Next?

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) saw strong trading volume on Monday . 480,711 shares traded hands during mid-day trading, an increase of 16% from the previous session's volume of 414,425 shares.The stock last traded at $24.97 and had previously closed at $24.69.

Wall Street Analyst Weigh In

ARIS has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $19.00 to $22.00 in a report on Wednesday, November 6th. Evercore ISI upped their price target on shares of Aris Water Solutions from $20.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Stifel Nicolaus increased their target price on Aris Water Solutions from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised their target price on Aris Water Solutions from $21.00 to $26.00 and gave the company an "equal weight" rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Aris Water Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.83.

Aris Water Solutions Stock Up 1.3 %

The firm has a 50 day moving average of $24.24 and a 200-day moving average of $19.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market capitalization of $1.46 billion, a P/E ratio of 31.25 and a beta of 1.94.

Aris Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 annualized dividend and a yield of 1.68%. Aris Water Solutions's dividend payout ratio (DPR) is currently 52.50%.

Insider Buying and Selling at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 57,731 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $25.55, for a total value of $1,475,027.05. Following the sale, the insider now owns 3,165,939 shares of the company's stock, valued at $80,889,741.45. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $25.39, for a total value of $38,085.00. Following the completion of the sale, the director now owns 42,082 shares in the company, valued at $1,068,461.98. This trade represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 574,917 shares of company stock valued at $14,523,915 in the last 90 days. 23.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Aris Water Solutions

Several large investors have recently made changes to their positions in the company. State Street Corp boosted its position in Aris Water Solutions by 13.8% in the third quarter. State Street Corp now owns 662,324 shares of the company's stock valued at $11,173,000 after buying an additional 80,490 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Aris Water Solutions in the third quarter valued at approximately $10,828,000. Geode Capital Management LLC boosted its holdings in shares of Aris Water Solutions by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock worth $10,450,000 after acquiring an additional 18,304 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Aris Water Solutions by 32.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 563,976 shares of the company's stock worth $8,836,000 after acquiring an additional 139,259 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings in Aris Water Solutions by 4.7% during the 3rd quarter. Wasatch Advisors LP now owns 523,533 shares of the company's stock valued at $8,832,000 after purchasing an additional 23,594 shares in the last quarter. 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.