Aris Water Solutions (NYSE:ARIS) Reaches New 52-Week High - Here's What Happened

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $24.50 and last traded at $24.50, with a volume of 3561 shares trading hands. The stock had previously closed at $23.65.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ARIS. Evercore ISI boosted their price target on Aris Water Solutions from $20.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their target price on Aris Water Solutions from $20.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. US Capital Advisors raised Aris Water Solutions from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered shares of 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 report on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Aris Water Solutions from $18.50 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions presently has an average rating of "Moderate Buy" and an average target price of $18.50.

Aris Water Solutions Trading Up 6.8 %

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.30 and a current ratio of 1.72. The company's 50 day moving average is $16.91 and its 200 day moving average is $16.07. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 31.58 and a beta of 1.62.

Aris Water Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, December 5th. Aris Water Solutions's dividend payout ratio (DPR) is presently 52.50%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ARIS. Inspire Investing LLC acquired a new position in shares of Aris Water Solutions in the 1st quarter worth approximately $359,000. Clearbridge Investments LLC lifted its holdings in shares of Aris Water Solutions by 7.2% during the first quarter. Clearbridge Investments LLC now owns 582,127 shares of the company's stock valued at $8,237,000 after acquiring an additional 39,145 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Aris Water Solutions in the 1st quarter valued at $166,000. Lazard Asset Management LLC bought a new stake in shares of Aris Water Solutions in the 1st quarter worth about $222,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Aris Water Solutions by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,107 shares of the company's stock worth $313,000 after purchasing an additional 1,902 shares in the last quarter. 39.71% of the stock is owned by institutional investors.

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.