Aris Water Solutions, Inc. (NYSE:ARIS) Short Interest Update

Aris Water Solutions, Inc. (NYSE:ARIS) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,330,000 shares, a growth of 9.0% from the May 15th total of 1,220,000 shares. Based on an average trading volume of 389,800 shares, the days-to-cover ratio is presently 3.4 days. Currently, 5.3% of the company’s shares are short sold.

Insider Activity at Aris Water Solutions

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ranger Investment Management L.P. boosted its stake in Aris Water Solutions by 1.5% during the 4th quarter. Ranger Investment Management L.P. now owns 2,040,756 shares of the company’s stock valued at $17,122,000 after purchasing an additional 30,269 shares during the last quarter. Wellington Management Group LLP boosted its stake in Aris Water Solutions by 2.2% during the 4th quarter. Wellington Management Group LLP now owns 1,290,231 shares of the company’s stock valued at $10,825,000 after purchasing an additional 27,988 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in Aris Water Solutions by 93.2% during 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 purchasing an additional 575,536 shares during the last quarter. Wasatch Advisors LP boosted its stake in Aris Water Solutions by 14.4% during the 4th quarter. Wasatch Advisors LP now owns 686,694 shares of the company’s stock valued at $5,761,000 after purchasing an additional 86,207 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in Aris Water Solutions by 3.8% during the 1st quarter. Kennedy Capital Management LLC now owns 594,686 shares of the company’s stock valued at $8,415,000 after purchasing an additional 21,515 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

Analysts Set New Price Targets

ARIS has been the subject of a number of recent analyst reports. Citigroup upped their price target on Aris Water Solutions from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. The Goldman Sachs Group upped their price target 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. TheStreet raised Aris Water Solutions from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Evercore ISI upped their price target on Aris Water Solutions from $16.00 to $20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, Wells Fargo & Company increased their target price on Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.93.

Aris Water Solutions Price Performance

ARIS stock opened at $14.27 on Wednesday. Aris Water Solutions has a twelve month low of $7.22 and a twelve month high of $17.27. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. The firm has a market cap of $828.94 million, a PE ratio of 19.82 and a beta of 1.65. The business has a 50 day moving average of $15.02 and a 200 day moving average of $11.75.

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

Aris Water Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from Aris Water Solutions’s previous quarterly dividend of $0.09. Aris Water Solutions’s dividend payout ratio (DPR) is 58.33%.

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.