Aris Water Solutions (NYSE:ARIS) Trading Up 4.2% – Time to Buy?

Aris Water Solutions, Inc. (NYSE:ARIS) shot up 4.2% during trading on Tuesday . The company traded as high as $15.77 and last traded at $15.77. 42,786 shares changed hands during trading, a decline of 88% from the average session volume of 342,686 shares. The stock had previously closed at $15.14.

Wall Street Analysts Forecast Growth

Separately, US Capital Advisors upgraded Aris Water Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Aris Water Solutions has a consensus rating of “Buy” and an average price target of $15.25.

Aris Water Solutions Stock Performance

The stock has a fifty day moving average of $16.48 and a 200-day moving average of $15.77. The firm has a market capitalization of $948.37 million, a P/E ratio of 21.76 and a beta of 1.62. 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) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $101.12 million during the quarter, compared to analysts’ expectations of $97.86 million. Aris Water Solutions had a net margin of 5.97% and a return on equity of 3.51%. On average, research analysts anticipate that Aris Water Solutions, Inc. will post 0.88 EPS for the current year.

Aris Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid 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 2.57%. Aris Water Solutions’s dividend payout ratio is 56.00%.

Insider Activity at Aris Water Solutions

In related news, COO Brunt David Dylan Van sold 14,813 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $14.84, for a total transaction of $219,824.92. Following the completion of the transaction, the chief operating officer now directly owns 94,690 shares of the company’s stock, valued at approximately $1,405,199.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 23.06% of the stock is owned by company insiders.

Institutional Trading of Aris Water Solutions

A number of large investors have recently added to or reduced their stakes in ARIS. Clearbridge Investments LLC raised its holdings in shares of Aris Water Solutions by 7.2% in the 1st quarter. Clearbridge Investments LLC now owns 582,127 shares of the company’s stock valued at $8,237,000 after purchasing an additional 39,145 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Aris Water Solutions by 271.8% during the 1st quarter. GSA Capital Partners LLP now owns 87,979 shares of the company’s stock worth $1,245,000 after acquiring an additional 64,318 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Aris Water Solutions during the 2nd quarter worth approximately $554,000. American Century Companies Inc. increased its holdings in shares of Aris Water Solutions by 140.3% during the 2nd quarter. American Century Companies Inc. now owns 487,840 shares of the company’s stock worth $7,644,000 after acquiring an additional 284,788 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Aris Water Solutions by 988.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 137,951 shares of the company’s stock valued at $2,327,000 after acquiring an additional 125,281 shares during the period. 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.