Aris Water Solutions (NYSE:ARIS) Stock Price Down 6.5% – Here’s What Happened

Aris Water Solutions, Inc. (NYSE:ARIS)’s share price traded down 6.5% on Friday . The stock traded as low as $26.37 and last traded at $25.95. 245,746 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 1,034,032 shares. The stock had previously closed at $27.75.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ARIS shares. The Goldman Sachs Group lifted their target price on Aris Water Solutions from $21.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company boosted their target price 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. Citigroup restated a “neutral” rating and set a $26.00 target price (up from $18.00) on shares of Aris Water Solutions in a report on Wednesday, January 8th. Evercore ISI lowered shares of Aris Water Solutions from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus increased their price objective on Aris Water Solutions from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Aris Water Solutions presently has a consensus rating of “Hold” and a consensus price target of $26.50.

Aris Water Solutions Price Performance

The company has a market cap of $1.46 billion, a PE ratio of 31.38 and a beta of 1.94. The stock has a fifty day moving average price of $26.15 and a 200-day moving average price of $20.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.72 and a quick ratio of 1.72.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.105 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.67%. Aris Water Solutions’s dividend payout ratio is 52.50%.

Insider Transactions at Aris Water Solutions

In related news, major shareholder S Corp Gable sold 57,731 shares of Aris Water Solutions stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.55, for a total transaction of $1,475,027.05. Following the sale, the insider now directly owns 3,165,939 shares of the company’s stock, valued at $80,889,741.45. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Delaware Energy Llc sold 3,223,670 shares of Aris Water Solutions stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $25.81, for a total transaction of $83,202,922.70. The disclosure for this sale can be found here. Insiders sold 4,161,178 shares of company stock valued at $106,845,859 over the last three months. 23.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARIS. Principal Financial Group Inc. raised its stake in shares of Aris Water Solutions by 10.4% in the fourth quarter. Principal Financial Group Inc. now owns 33,635 shares of the company’s stock valued at $806,000 after acquiring an additional 3,179 shares during the last quarter. Legato Capital Management LLC lifted its position in shares of Aris Water Solutions by 7.2% during the fourth quarter. Legato Capital Management LLC now owns 93,186 shares of the company’s stock worth $2,232,000 after purchasing an additional 6,259 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Aris Water Solutions in the fourth quarter valued at approximately $320,000. Janney Montgomery Scott LLC bought a new position in Aris Water Solutions in the 4th quarter worth approximately $279,000. Finally, SG Americas Securities LLC lifted its holdings in Aris Water Solutions by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 10,941 shares of the company’s stock worth $262,000 after buying an additional 3,554 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.