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Aris Water Solutions (NYSE:ARIS) Sees Unusually-High Trading Volume - Here's Why

Aris Water Solutions logo with Business Services background

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) saw strong trading volume on Tuesday . 402,584 shares traded hands during mid-day trading, an increase of 10% from the previous session's volume of 364,708 shares.The stock last traded at $25.28 and had previously closed at $24.61.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ARIS. The Goldman Sachs Group increased their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. US Capital Advisors cut shares of Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Evercore ISI upped their price objective 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. Stifel Nicolaus boosted their price target on shares of 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 boosted their price target on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.83.

Check Out Our Latest Analysis on Aris Water Solutions

Aris Water Solutions Price Performance

The company has a 50-day moving average of $22.47 and a two-hundred day moving average of $18.30. 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 $1.47 billion, a PE ratio of 31.55 and a beta of 1.91.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, December 5th. Aris Water Solutions's dividend payout ratio is presently 52.50%.

Insider Transactions at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $25.55, for a total value of $1,475,027.05. Following the sale, the insider now directly owns 3,165,939 shares in the company, valued at $80,889,741.45. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Debra Coy sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $25.39, for a total transaction 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. The trade was a 3.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 97,970 shares of company stock valued at $2,482,749. Corporate insiders own 23.06% of the company's stock.

Institutional Investors Weigh In On Aris Water Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARIS. State Street Corp raised its stake in 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 acquiring an additional 80,490 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Aris Water Solutions during the 3rd quarter worth approximately $10,828,000. Geode Capital Management LLC lifted its holdings in Aris Water Solutions by 3.0% in the third quarter. Geode Capital Management LLC now owns 619,349 shares of the company's stock valued at $10,450,000 after buying an additional 18,304 shares during the period. Dimensional Fund Advisors LP grew its holdings 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 period. Finally, Wasatch Advisors LP lifted its stake in shares of Aris Water Solutions by 4.7% in 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 during the period. Hedge funds and other institutional investors 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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