Aris Water Solutions (NYSE:ARIS) Stock Price Down 5.5% - Should You Sell?

Shares of Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report) fell 5.5% during trading on Thursday . The company traded as low as $27.11 and last traded at $27.16. 118,985 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 475,794 shares. The stock had previously closed at $28.73.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ARIS. Wells Fargo & Company lifted their target price on Aris Water Solutions from $26.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. US Capital Advisors downgraded Aris Water Solutions from a "strong-buy" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Evercore ISI downgraded Aris Water Solutions from an "outperform" rating to an "in-line" rating and boosted their price objective for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Stifel Nicolaus boosted their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Finally, Citigroup reiterated a "neutral" rating and set a $26.00 price objective (up from $18.00) on shares of Aris Water Solutions in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.00.

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Aris Water Solutions Price Performance

The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 33.44 and a beta of 1.88. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.62. The business has a 50-day simple moving average of $27.17 and a two-hundred day simple moving average of $22.60.

Aris Water Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.09%. This is an increase from Aris Water Solutions's previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 13th. Aris Water Solutions's dividend payout ratio is 70.00%.

Insiders Place Their Bets

In other Aris Water Solutions news, major shareholder Delaware Energy Llc sold 3,223,670 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $25.81, for a total value of $83,202,922.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder S Corp Gable sold 38,739 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $25.03, for a total value of $969,637.17. Following the completion of the transaction, the insider now directly owns 3,111,738 shares in the company, valued at $77,886,802.14. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,159,678 shares of company stock worth $106,807,774 over the last ninety days. Company insiders own 23.06% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Aris Water Solutions during the 4th quarter valued at $29,663,000. Eagle Asset Management Inc. acquired a new stake in Aris Water Solutions during the 3rd quarter valued at $10,828,000. Whittier Trust Co. raised its stake in Aris Water Solutions by 70,079.1% during the 4th quarter. Whittier Trust Co. now owns 349,492 shares of the company's stock valued at $8,370,000 after purchasing an additional 348,994 shares during the period. NBW Capital LLC grew its holdings in shares of Aris Water Solutions by 1,191.8% during the 4th quarter. NBW Capital LLC now owns 263,324 shares of the company's stock valued at $6,307,000 after acquiring an additional 242,939 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Aris Water Solutions during the 4th quarter valued at $5,717,000. Institutional investors 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.