Aris Water Solutions (NYSE:ARIS) Trading 4.2% Higher - Time to Buy?

Aris Water Solutions, Inc. (NYSE:ARIS - Get Free Report)'s stock price was up 4.2% on Tuesday . The stock traded as high as $15.77 and last traded at $15.77. Approximately 42,786 shares were traded during trading, a decline of 88% from the average daily volume of 342,686 shares. The stock had previously closed at $15.14.

Analysts Set New Price Targets

Separately, US Capital Advisors upgraded shares of Aris Water Solutions from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $15.25.

Aris Water Solutions Stock Performance

The firm has a market cap of $914.35 million, a PE ratio of 21.96 and a beta of 1.62. The company has a 50-day simple moving average of $16.49 and a two-hundred day simple moving average of $15.75. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.62.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $101.12 million during the quarter, compared to analyst estimates of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. As a group, equities research analysts forecast that Aris Water Solutions, Inc. will post 0.88 earnings per share for the current year.

Aris Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.105 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.67%. Aris Water Solutions's dividend payout ratio is presently 58.33%.

Insiders Place Their Bets

In other news, COO Brunt David Dylan Van sold 14,813 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the sale, the chief operating officer now directly owns 94,690 shares in the company, valued at $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 23.06% of the company's stock.

Institutional Investors Weigh In On Aris Water Solutions

Large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Aris Water Solutions in the 2nd quarter valued at about $27,000. New York State Teachers Retirement System raised its stake in Aris Water Solutions by 2,346.0% in the third quarter. New York State Teachers Retirement System now owns 2,446 shares of the company's stock valued at $41,000 after purchasing an additional 2,346 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Aris Water Solutions in the second quarter valued at approximately $46,000. Point72 Asset Management L.P. bought a new stake in Aris Water Solutions during the second quarter valued at approximately $82,000. Finally, Saxon Interests Inc. purchased a new position in Aris Water Solutions in the 1st quarter worth approximately $142,000. 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.