Aris Water Solutions, Inc. (NYSE:ARIS) Sees Large Decrease in Short Interest

Aris Water Solutions, Inc. (NYSE:ARIS) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 1,260,000 shares, a drop of 5.3% from the May 31st total of 1,330,000 shares. Based on an average trading volume of 369,400 shares, the short-interest ratio is currently 3.4 days. Approximately 5.0% of the company’s shares are short sold.

Insider Buying and Selling

In related news, CEO Amanda M. Brock sold 62,054 shares of Aris Water Solutions stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $16.43, for a total value of $1,019,547.22. Following the completion of the transaction, the chief executive officer now owns 487,909 shares in the company, valued at $8,016,344.87. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Amanda M. Brock sold 107,946 shares of Aris Water Solutions stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $16.65, for a total value of $1,797,300.90. Following the completion of the transaction, the chief executive officer now owns 549,963 shares in the company, valued at $9,156,883.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amanda M. Brock sold 62,054 shares of Aris Water Solutions stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $16.43, for a total value of $1,019,547.22. Following the completion of the transaction, the chief executive officer now owns 487,909 shares of the company’s stock, valued at approximately $8,016,344.87. The disclosure for this sale can be found here. 22.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Aris Water Solutions

Large investors have recently made changes to their positions in the business. Wasatch Advisors LP grew its holdings in shares of Aris Water Solutions by 14.4% during the fourth quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock valued at $5,761,000 after buying an additional 86,207 shares during the last quarter. Oxford Asset Management LLP purchased a new stake in shares of Aris Water Solutions during the fourth quarter valued at $86,000. Envestnet Asset Management Inc. grew its holdings in shares of Aris Water Solutions by 48.4% during the third 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 last quarter. Legato Capital Management LLC grew its holdings in shares of Aris Water Solutions by 58.2% during the fourth quarter. Legato Capital Management LLC now owns 43,056 shares of the company’s stock valued at $361,000 after buying an additional 15,840 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Aris Water Solutions by 238.4% during the fourth quarter. Strs Ohio now owns 55,500 shares of the company’s stock valued at $465,000 after buying an additional 39,100 shares during the last quarter. 39.71% of the stock is owned by institutional investors and hedge funds.

Aris Water Solutions Stock Performance

Aris Water Solutions stock opened at $15.40 on Wednesday. The company has a market capitalization of $894.59 million, a PE ratio of 21.39 and a beta of 1.64. Aris Water Solutions has a fifty-two week low of $7.22 and a fifty-two week high of $17.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50 day moving average price of $15.17 and a 200-day moving average price of $12.30.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $103.41 million during the quarter, compared to the consensus estimate of $97.43 million. Aris Water Solutions had a net margin of 5.73% and a return on equity of 4.62%. As a group, equities analysts forecast that Aris Water Solutions will post 0.91 earnings per share for the current year.

Aris Water Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were paid a $0.105 dividend. This is an increase from Aris Water Solutions’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, June 6th. This represents a $0.42 dividend on an annualized basis and a yield of 2.73%. Aris Water Solutions’s payout ratio is 58.33%.

Analyst Ratings Changes

Several research firms recently commented on ARIS. Evercore ISI lifted their price target on Aris Water Solutions from $16.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. TheStreet upgraded Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Wells Fargo & Company boosted their target price on Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Stifel Nicolaus boosted their target price on Aris Water Solutions from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group boosted their target price on Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aris Water Solutions currently has an average rating of “Moderate Buy” and an average price target of $14.93.

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.