Aris Water Solutions (NYSE:ARIS) Reaches New 12-Month High - Here's Why

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.80 and last traded at $29.46, with a volume of 7283 shares traded. The stock had previously closed at $29.80.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARIS. JPMorgan Chase & Co. lowered Aris Water Solutions from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $19.00 to $22.00 in a research note on Wednesday, November 6th. US Capital Advisors lowered Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Citigroup reiterated a "neutral" rating and issued a $26.00 price objective (up previously from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price target on Aris Water Solutions from $21.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Finally, Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and boosted their price objective for the company from $25.00 to $27.00 in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Aris Water Solutions has a consensus rating of "Hold" and a consensus price target of $26.50.

Aris Water Solutions Price Performance

The stock has a market cap of $1.68 billion, a P/E ratio of 35.99 and a beta of 1.94. The business has a 50 day simple moving average of $25.66 and a 200-day simple moving average of $19.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 1.72.

Aris Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.105 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a yield of 1.46%. Aris Water Solutions's dividend payout ratio (DPR) is presently 52.50%.

Insiders Place Their Bets

In other news, Director Debra Coy sold 1,500 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. Following the completion of the transaction, the director now owns 42,082 shares in the company, valued at approximately $1,068,461.98. This represents a 3.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder S Corp Gable sold 38,739 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total transaction of $969,637.17. Following the sale, the insider now directly owns 3,111,738 shares in the company, valued at approximately $77,886,802.14. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 937,508 shares of company stock valued at $23,642,936. Company insiders own 22.46% of the company's stock.

Hedge Funds Weigh In On Aris Water Solutions

Institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC purchased a new position in shares of Aris Water Solutions in the fourth quarter worth $279,000. SG Americas Securities LLC grew its holdings in Aris Water Solutions by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company's stock worth $262,000 after acquiring an additional 3,554 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Aris Water Solutions by 116.3% in 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 during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Aris Water Solutions in the third quarter valued at about $514,000. Finally, Lord Abbett & CO. LLC raised its stake in shares of Aris Water Solutions by 4.0% during the third quarter. Lord Abbett & CO. LLC now owns 352,087 shares of the company's stock valued at $5,940,000 after acquiring an additional 13,676 shares during 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.