Aris Water Solutions (NYSE:ARIS) Sees Large Volume Increase - Here's Why

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 726,091 shares changed hands during mid-day trading, an increase of 48% from the previous session's volume of 490,398 shares.The stock last traded at $29.35 and had previously closed at $29.12.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI cut Aris Water Solutions from an "outperform" rating to an "in-line" rating and upped their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, January 15th. Wells Fargo & Company upped their price target on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. The Goldman Sachs Group lifted their price objective on shares of Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Stifel Nicolaus increased their target price on shares of Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $26.00 price target (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $27.00.

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Aris Water Solutions Price Performance

The stock has a 50 day moving average of $28.21 and a two-hundred day moving average of $23.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market cap of $1.87 billion, a PE ratio of 39.91 and a beta of 1.88.

Aris Water Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.14 per share. This is a positive change from Aris Water Solutions's previous quarterly dividend of $0.11. This represents a $0.56 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, March 13th. Aris Water Solutions's dividend payout ratio (DPR) is 70.00%.

Insiders Place Their Bets

In other Aris Water Solutions news, major shareholder S Corp Gable sold 160,539 shares of the business's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $25.18, for a total value of $4,042,372.02. Following the transaction, the insider now owns 2,951,199 shares of the company's stock, valued at approximately $74,311,190.82. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Yorktown Energy Partners Xi, L sold 1,000,000 shares of the business's stock in a transaction dated 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 a total of 1,910,142 shares of company stock valued at $50,977,332 in the last three months. Company insiders own 23.06% of the company's stock.

Hedge Funds Weigh In On Aris Water Solutions

Several institutional investors and hedge funds have recently modified their holdings of ARIS. Mackenzie Financial Corp bought a new position in Aris Water Solutions in the fourth quarter valued at $533,000. Voloridge Investment Management LLC bought a new position in shares of Aris Water Solutions during the fourth quarter worth approximately $358,000. Westwood Holdings Group Inc. acquired a new stake in shares of Aris Water Solutions during the fourth quarter worth $332,000. Squarepoint Ops LLC acquired a new stake in Aris Water Solutions in the 4th quarter worth about $1,569,000. Finally, Two Sigma Advisers LP acquired a new stake in Aris Water Solutions during the fourth quarter worth approximately $220,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.