Aris Water Solutions (NYSE:ARIS) Reaches New 1-Year High at $15.33

Shares of Aris Water Solutions, Inc. (NYSE:ARIS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.33 and last traded at $15.28, with a volume of 374083 shares. The stock had previously closed at $14.64.

Wall Street Analyst Weigh In

Several research analysts have commented on ARIS shares. TheStreet upgraded Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Wells Fargo & Company raised their price objective on Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, March 7th. The Goldman Sachs Group lifted their price target on Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Citigroup lifted their price target on Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, March 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.25.

Aris Water Solutions Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61. The stock has a market cap of $985.61 million, a price-to-earnings ratio of 28.42 and a beta of 1.65. The stock has a 50-day moving average price of $13.73 and a two-hundred day moving average price of $10.31.

Aris Water Solutions (NYSE:ARIS) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. The business had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million. As a group, equities research analysts forecast that Aris Water Solutions, Inc. will post 0.97 EPS for the current year.

Aris Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.105 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.42 dividend on an annualized basis and a yield of 2.46%. This is a boost from Aris Water Solutions’s previous quarterly dividend of $0.09. Aris Water Solutions’s payout ratio is currently 60.00%.

Institutional Trading of Aris Water Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARIS. Ranger Investment Management L.P. lifted its position in Aris Water Solutions by 41.7% during the 3rd quarter. Ranger Investment Management L.P. now owns 2,010,487 shares of the company’s stock worth $20,065,000 after acquiring an additional 592,071 shares during the period. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Aris Water Solutions by 93.2% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,193,336 shares of the company’s stock valued at $16,886,000 after buying an additional 575,536 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of Aris Water Solutions in the 3rd quarter valued at about $2,199,000. HITE Hedge Asset Management LLC acquired a new position in shares of Aris Water Solutions in the 4th quarter valued at about $937,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Aris Water Solutions by 48.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 309,002 shares of the company’s stock valued at $3,084,000 after buying an additional 100,734 shares during the period. Institutional investors and hedge funds 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.