Aris Water Solutions (NYSE:ARIS) Hits New 1-Year High - Time to Buy?

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $28.16 and last traded at $28.07, with a volume of 173618 shares traded. The stock had previously closed at $27.19.

Wall Street Analyst Weigh In

ARIS has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Aris Water Solutions from $21.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Citigroup reiterated a "neutral" rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered shares of Aris Water Solutions from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $19.00 to $22.00 in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price objective 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 raised their price objective on shares of Aris Water Solutions from $21.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Aris Water Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $26.17.

Aris Water Solutions Trading Up 1.0 %

The business's 50 day moving average price is $25.06 and its two-hundred day moving average price is $19.35. 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 company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 34.34 and a beta of 1.94.

Aris Water Solutions Dividend Announcement

The company also recently announced 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. This represents a $0.42 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Thursday, December 5th. Aris Water Solutions's payout ratio is currently 52.50%.

Insider Activity

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 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 represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction on 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 transaction, the insider now owns 3,165,939 shares in the company, valued at $80,889,741.45. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 937,508 shares of company stock worth $23,642,936. Corporate insiders own 23.06% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ARIS. Rhumbline Advisers lifted its holdings in shares of Aris Water Solutions by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 44,083 shares of the company's stock valued at $691,000 after buying an additional 758 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Aris Water Solutions during the second quarter valued at approximately $27,000. Kings Path Partners LLC lifted its stake in Aris Water Solutions by 2.6% in the third quarter. Kings Path Partners LLC now owns 67,234 shares of the company's stock valued at $1,134,000 after acquiring an additional 1,735 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Aris Water Solutions in the third quarter worth approximately $39,000. Finally, New York State Teachers Retirement System increased its stake in shares of Aris Water Solutions by 2,346.0% during the 3rd quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock worth $41,000 after purchasing an additional 2,346 shares during the last quarter. Institutional investors and hedge funds own 39.71% of the company's stock.

Aris Water Solutions Company Profile

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.